Lincoln Capital LLC Has $7.54 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Lincoln Capital LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,047 shares of the company’s stock after selling 448 shares during the quarter. Marriott International accounts for 1.6% of Lincoln Capital LLC’s holdings, making the stock its 14th largest holding. Lincoln Capital LLC’s holdings in Marriott International were worth $7,544,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust grew its holdings in shares of Marriott International by 6.4% during the 4th quarter. Grove Bank & Trust now owns 1,327 shares of the company’s stock valued at $370,000 after purchasing an additional 80 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Marriott International by 25.7% during the fourth quarter. Artemis Investment Management LLP now owns 1,542 shares of the company’s stock worth $430,000 after buying an additional 315 shares during the last quarter. Stillwater Capital Advisors LLC increased its holdings in shares of Marriott International by 1.1% during the fourth quarter. Stillwater Capital Advisors LLC now owns 75,852 shares of the company’s stock worth $21,158,000 after buying an additional 852 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Marriott International by 2.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 3,566 shares of the company’s stock valued at $995,000 after acquiring an additional 93 shares in the last quarter. Finally, Financial Advisors LLC bought a new stake in Marriott International during the 4th quarter worth $204,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is owned by corporate insiders.

Marriott International Trading Up 0.4 %

NASDAQ:MAR opened at $277.18 on Monday. The firm has a fifty day simple moving average of $282.53 and a two-hundred day simple moving average of $256.02. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The stock has a market capitalization of $77.03 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its 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). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. Equities analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on MAR. BMO Capital Markets boosted their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Argus upped their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price target 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. Sanford C. Bernstein increased their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Truist Financial upped their price target on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $272.15.

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.