OLD Point Trust & Financial Services N A Has $1.50 Million Position in Marriott International, Inc. (NASDAQ:MAR)

OLD Point Trust & Financial Services N A lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,360 shares of the company’s stock after selling 140 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Marriott International were worth $1,495,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Marriott International by 12.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,122 shares of the company’s stock worth $528,000 after purchasing an additional 235 shares during the last quarter. Empowered Funds LLC increased its position in Marriott International by 4.8% during the third quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock worth $928,000 after buying an additional 172 shares during the last quarter. Prospera Financial Services Inc raised its holdings in Marriott International by 151.8% during the third quarter. Prospera Financial Services Inc now owns 3,603 shares of the company’s stock valued at $896,000 after buying an additional 2,172 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Marriott International in the third quarter worth about $2,148,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Marriott International by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after acquiring an additional 12,702 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

NASDAQ:MAR opened at $247.62 on Thursday. The company has a market capitalization of $68.27 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 3.42 and a beta of 1.58. The company has a 50-day moving average of $276.77 and a 200-day moving average of $269.96. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. Marriott International’s payout ratio is presently 30.29%.

Analyst Ratings Changes

MAR has been the subject of a number of recent analyst reports. Mizuho upped their target price on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised their target price 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. The Goldman Sachs Group boosted their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised their price target on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Finally, UBS Group boosted their price objective on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average price target of $286.45.

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.