Jamison Private Wealth Management Inc. Purchases 1,865 Shares of Marriott International, Inc. (NASDAQ:MAR)

Jamison Private Wealth Management Inc. increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 33.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,477 shares of the company’s stock after acquiring an additional 1,865 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Marriott International were worth $2,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC boosted its position 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 holdings in Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after acquiring an additional 38 shares during the last quarter. Haverford Trust Co raised its holdings in 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 last quarter. Foundations Investment Advisors LLC boosted its stake 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 valued at $500,000 after purchasing an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew 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 buying an additional 51 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated 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 sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 in the last ninety days. Insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $284.11 on Friday. 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. The company’s 50-day moving average price is $282.24 and its two-hundred day moving average price is $257.32. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 earnings per share. On average, analysts anticipate that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given 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 dividend payout ratio (DPR) is presently 26.36%.

Analyst Upgrades and Downgrades

Several analysts have commented on MAR shares. Stifel Nicolaus upped their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Argus upped their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. BMO Capital Markets lifted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Mizuho upped their target price on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $272.15.

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.