McLean Asset Management Corp Has $215,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

McLean Asset Management Corp cut its position in Marriott International, Inc. (NASDAQ:MAR) by 6.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 770 shares of the company’s stock after selling 50 shares during the quarter. McLean Asset Management Corp’s holdings in Marriott International were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after purchasing an additional 38 shares during the period. Haverford Trust Co raised its stake in shares of Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after purchasing an additional 40 shares during the period. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of Marriott International by 2.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock worth $500,000 after buying an additional 51 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR opened at $284.11 on Monday. The stock’s 50 day moving average price is $282.24 and its 200-day moving average price is $257.56. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The stock has a market capitalization of $78.95 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 4.64 and a beta of 1.57.

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

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is presently 26.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MAR shares. Wells Fargo & Company raised their price target on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Barclays raised their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price objective on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $272.15.

Insider Activity at Marriott International

In other news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents 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 accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 over the last ninety days. 12.32% of the stock is owned by corporate insiders.

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.