KMG Fiduciary Partners LLC Has $10.36 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

KMG Fiduciary Partners LLC lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,136 shares of the company’s stock after selling 46 shares during the period. Marriott International accounts for about 0.9% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 25th biggest holding. KMG Fiduciary Partners LLC’s holdings in Marriott International were worth $10,359,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC raised its position in shares of Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after purchasing an additional 37 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after acquiring an additional 38 shares during the period. Haverford Trust Co boosted its holdings in Marriott International by 1.0% during the third quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after acquiring an additional 40 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of Marriott International by 2.6% in the third quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock worth $500,000 after purchasing an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Marriott International by 3.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,443 shares of the company’s stock worth $359,000 after purchasing an additional 51 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group lifted their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Bank of America increased their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their target price on Marriott International from $255.00 to $265.00 and gave the stock 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $272.15.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,815 shares of company stock worth $3,919,739. Insiders own 10.07% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $276.00 on Friday. The company’s fifty day moving average is $282.64 and its 200-day moving average is $255.51. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45. The company has a market capitalization of $76.70 billion, a PE ratio of 28.87, a P/E/G ratio of 4.48 and a beta of 1.57.

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

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Marriott International Company Profile

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.