Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC decreased its stake in Marriott International, Inc. (NASDAQ:MARFree Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,977 shares of the company’s stock after selling 6,407 shares during the period. Cetera Advisor Networks LLC’s holdings in Marriott International were worth $6,986,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Crossmark Global Holdings Inc. boosted its stake in Marriott International by 4.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,243 shares of the company’s stock worth $2,310,000 after purchasing an additional 448 shares during the period. Tower Research Capital LLC TRC boosted its stake in Marriott International by 105.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 47,613 shares of the company’s stock worth $10,737,000 after purchasing an additional 24,427 shares during the period. Capital International Investors boosted its stake in Marriott International by 42.2% during the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after purchasing an additional 934,304 shares during the period. Lake Street Advisors Group LLC acquired a new stake in Marriott International during the 4th quarter worth $444,000. Finally, STAR Financial Bank boosted its stake in Marriott International by 20.9% during the 4th quarter. STAR Financial Bank now owns 2,750 shares of the company’s stock worth $620,000 after purchasing an additional 475 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Argus upped their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Truist Financial upped their price objective 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. UBS Group upped their price objective 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. Finally, BMO Capital Markets upped their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $241.33.

View Our Latest Analysis on Marriott International

Marriott International Trading Down 0.4 %

Shares of NASDAQ MAR opened at $231.10 on Friday. The stock has a market cap of $66.01 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 4.36 and a beta of 1.60. Marriott International, Inc. has a 52 week low of $170.03 and a 52 week high of $260.57. The company’s 50-day moving average price is $239.70 and its 200 day moving average price is $235.73.

Marriott International (NASDAQ:MARGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. Marriott International’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. As a group, research analysts expect that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.63 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is currently 26.01%.

About Marriott International

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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