Folger Nolan Fleming Douglas Capital Management Inc. Sells 535 Shares of Marriott International, Inc. (NASDAQ:MAR)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,871 shares of the company’s stock after selling 535 shares during the quarter. Marriott International comprises approximately 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 19th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Marriott International were worth $13,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MAR. Bank OZK increased its holdings in Marriott International by 2.5% in the 4th quarter. Bank OZK now owns 5,527 shares of the company’s stock valued at $1,246,000 after buying an additional 133 shares during the period. Valmark Advisers Inc. increased its holdings in Marriott International by 5.2% in the 4th quarter. Valmark Advisers Inc. now owns 2,017 shares of the company’s stock valued at $455,000 after buying an additional 100 shares during the period. First Fiduciary Investment Counsel Inc. increased its holdings in Marriott International by 1.0% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 38,600 shares of the company’s stock valued at $8,705,000 after buying an additional 376 shares during the period. Motley Fool Asset Management LLC increased its holdings in Marriott International by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 8,088 shares of the company’s stock valued at $1,824,000 after buying an additional 286 shares during the period. Finally, Syon Capital LLC increased its holdings in Marriott International by 6.0% in the 4th quarter. Syon Capital LLC now owns 4,373 shares of the company’s stock valued at $986,000 after buying an additional 247 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Marriott International stock traded down $1.10 during mid-day trading on Friday, hitting $240.84. 1,065,547 shares of the company’s stock traded hands, compared to its average volume of 1,409,872. The firm has a 50 day simple moving average of $248.36 and a two-hundred day simple moving average of $227.03. Marriott International, Inc. has a fifty-two week low of $162.77 and a fifty-two week high of $260.57. The stock has a market cap of $69.60 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 5.40 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the firm posted $1.96 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts anticipate that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 20.41%.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at $18,085.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares in the company, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MAR. Jefferies Financial Group boosted their price target on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Barclays upped their target price on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Robert W. Baird lowered their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Wells Fargo & Company upped their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Finally, UBS Group upped their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $236.69.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.