Mackenzie Financial Corp Sells 5,074 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mackenzie Financial Corp trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 18.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,071 shares of the company’s stock after selling 5,074 shares during the quarter. Mackenzie Financial Corp’s holdings in Marriott International were worth $5,203,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Marriott International in the third quarter worth about $25,000. Resurgent Financial Advisors LLC purchased a new position in Marriott International in the fourth quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $28,000. Finally, ORG Partners LLC boosted its position in shares of Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares during the period. 70.70% of the stock is owned by institutional investors.

Marriott International Price Performance

Shares of MAR opened at $236.00 on Friday. The firm has a market capitalization of $68.20 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62. Marriott International, Inc. has a 1-year low of $162.77 and a 1-year high of $260.57. The company’s fifty day moving average price is $248.31 and its 200-day moving average price is $225.65.

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

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International’s payout ratio is 20.41%.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now directly owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Eric Hippeau sold 2,600 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $237.40, for a total transaction of $617,240.00. Following the sale, the director now directly owns 1,472 shares of the company’s stock, valued at approximately $349,452.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares in the company, valued at $6,166,742.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAR. UBS Group boosted their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Robert W. Baird dropped their target price on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Wells Fargo & Company boosted their target price on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Argus boosted their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets boosted their price target on Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $236.88.

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