Bank of Jackson Hole Trust Takes $835,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Bank of Jackson Hole Trust bought a new stake in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, Holdings Channel reports. The fund bought 2,993 shares of the company’s stock, valued at approximately $835,000.

Several other hedge funds also recently modified their holdings of the business. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Marriott International by 15.0% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,956 shares of the company’s stock worth $2,219,000 after acquiring an additional 1,038 shares during the last quarter. Proactive Wealth Strategies LLC boosted its stake in Marriott International by 2.3% during the 4th quarter. Proactive Wealth Strategies LLC now owns 2,452 shares of the company’s stock worth $684,000 after acquiring an additional 55 shares during the last quarter. Key Financial Inc boosted its stake in Marriott International by 11.3% during the 4th quarter. Key Financial Inc now owns 1,818 shares of the company’s stock worth $507,000 after acquiring an additional 184 shares during the last quarter. Braun Stacey Associates Inc. boosted its stake in Marriott International by 7.2% during the 4th quarter. Braun Stacey Associates Inc. now owns 85,890 shares of the company’s stock worth $23,958,000 after acquiring an additional 5,745 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Marriott International by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 83,893 shares of the company’s stock worth $23,401,000 after acquiring an additional 1,929 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MAR. Barclays reduced their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $284.05.

Marriott International Trading Up 1.7 %

Shares of MAR opened at $288.42 on Wednesday. The company has a market cap of $79.52 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 3.38 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The company’s fifty day simple moving average is $284.06 and its 200 day simple moving average is $263.97.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. Marriott International’s payout ratio is 30.29%.

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.