Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 60.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,079 shares of the company’s stock after selling 13,897 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Marriott International were worth $2,048,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Argus Investors Counsel Inc. lifted its holdings in Marriott International by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after purchasing an additional 45 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Marriott International by 0.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock worth $1,177,000 after buying an additional 52 shares during the last quarter. Chicago Capital LLC increased its stake in Marriott International by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 4,597 shares of the company’s stock worth $904,000 after buying an additional 54 shares in the last quarter. OmniStar Financial Group Inc. lifted its position in shares of Marriott International by 3.8% in the fourth quarter. OmniStar Financial Group Inc. now owns 1,519 shares of the company’s stock valued at $343,000 after acquiring an additional 55 shares in the last quarter. Finally, Choreo LLC boosted its stake in shares of Marriott International by 0.4% in the third quarter. Choreo LLC now owns 14,173 shares of the company’s stock worth $2,786,000 after acquiring an additional 56 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Truist Financial boosted their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Barclays raised their target price on shares of Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Wells Fargo & Company upped their price target 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. Finally, Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $236.81.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,003 shares of company stock worth $30,435,493. Corporate insiders own 10.07% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $254.68 on Tuesday. The company has a market capitalization of $73.59 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.62. The company’s 50 day simple moving average is $247.94 and its 200-day simple moving average is $222.52. Marriott International, Inc. has a 1 year low of $161.01 and a 1 year high of $256.53.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities analysts expect that Marriott International, Inc. will post 9.47 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.82%. Marriott International’s dividend payout ratio is presently 20.41%.

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