Wedgewood Investors Inc. PA Has $639,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Wedgewood Investors Inc. PA reduced its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,292 shares of the company’s stock after selling 1,300 shares during the quarter. Wedgewood Investors Inc. PA’s holdings in Marriott International were worth $639,000 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 MAR. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International in the 4th quarter worth approximately $33,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International during the third quarter worth $33,000. Finally, Heck Capital Advisors LLC purchased a new position in Marriott International in the fourth quarter worth $38,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the topic of a number of research analyst reports. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Susquehanna lifted their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday. TD Cowen decreased their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price target on Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.45.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 12.32% of the stock is currently owned by insiders.

Marriott International Price Performance

MAR opened at $283.52 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm has a market capitalization of $78.79 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The company has a fifty day moving average price of $284.12 and a 200-day moving average price of $262.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued 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 of this dividend is Thursday, February 27th. Marriott International’s payout ratio is 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.