SG Americas Securities LLC Has $22.53 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

SG Americas Securities LLC reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,782 shares of the company’s stock after selling 14,189 shares during the quarter. SG Americas Securities LLC’s holdings in Marriott International were worth $22,533,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Jensen Investment Management Inc. bought a new position in Marriott International in the 3rd quarter worth approximately $793,000. BayBridge Capital Group LLC bought a new position in Marriott International during the third quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Marriott International in the 3rd quarter worth $2,721,000. Finally, Kinsale Capital Group Inc. bought a new position in shares of Marriott International during the 3rd quarter worth about $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is currently owned by insiders.

Marriott International Trading Up 1.0 %

MAR opened at $280.41 on Thursday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45. The firm has a 50-day moving average price of $282.19 and a two-hundred day moving average price of $256.65. The stock has a market capitalization of $77.92 billion, a PE ratio of 29.33, a PEG ratio of 4.59 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.11 EPS. On average, research analysts predict that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.90%. Marriott International’s dividend payout ratio is currently 26.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MAR shares. Bank of America lifted their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Stifel Nicolaus upped their target price on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Evercore ISI lifted their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Argus increased their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets lifted their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $272.15.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.