United Asset Strategies Inc. Sells 115 Shares of Marriott International, Inc. (NASDAQ:MAR)

United Asset Strategies Inc. trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,542 shares of the company’s stock after selling 115 shares during the period. United Asset Strategies Inc.’s holdings in Marriott International were worth $1,701,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MAR. OFI Invest Asset Management acquired a new position in shares of Marriott International in the 3rd quarter valued at $25,000. Resurgent Financial Advisors LLC acquired a new stake in Marriott International during the 4th quarter worth $25,000. ICA Group Wealth Management LLC acquired a new stake in Marriott International during the 4th quarter worth $28,000. Coppell Advisory Solutions Corp. acquired a new stake in Marriott International during the 4th quarter worth $28,000. Finally, ORG Partners LLC raised its stake in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Trading Down 1.1 %

NASDAQ MAR opened at $245.62 on Wednesday. Marriott International, Inc. has a 1-year low of $162.77 and a 1-year high of $260.57. The company has a 50 day moving average of $248.99 and a 200-day moving average of $224.94. The company has a market cap of $70.98 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.81 and a beta of 1.62.

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

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.85%. Marriott International’s payout ratio is presently 20.41%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MAR. Barclays lifted their price target on Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Wells Fargo & Company lifted their price target on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Truist Financial lifted their price target on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Robert W. Baird dropped their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, BMO Capital Markets lifted their price target on Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $236.81.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on 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 owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. 10.07% of the stock is currently owned by insiders.

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.