Institute for Wealth Management LLC. Lowers Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Institute for Wealth Management LLC. lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,317 shares of the company’s stock after selling 51 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Marriott International were worth $1,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lafayette Investments Inc. purchased a new stake in Marriott International during the 4th quarter valued at about $300,000. Fonville Wealth Management LLC purchased a new stake in Marriott International during the 4th quarter valued at about $912,000. Fidelis Capital Partners LLC grew its position in Marriott International by 12.8% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,510 shares of the company’s stock valued at $341,000 after purchasing an additional 171 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Marriott International during the 4th quarter valued at about $386,000. Finally, HF Advisory Group LLC grew its position in Marriott International by 8.8% during the 4th quarter. HF Advisory Group LLC now owns 6,077 shares of the company’s stock valued at $1,370,000 after purchasing an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now directly 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 available at the SEC website. Also, insider David S. Marriott sold 2,878 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total transaction of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 in the last three months. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Trading Down 0.1 %

NASDAQ MAR opened at $236.00 on Friday. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57. The stock has a market cap of $68.20 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.72 and a beta of 1.62. The company’s 50 day moving average is $248.31 and its two-hundred day moving average is $225.41.

Marriott International (NASDAQ:MAR) last released its 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. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the business earned $1.96 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is currently 20.41%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MAR shares. Robert W. Baird dropped their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. UBS Group raised their price target on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Wells Fargo & Company raised their price target on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Jefferies Financial Group raised their price target on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Finally, Truist Financial raised their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $236.88.

About Marriott International

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.