Sendero Wealth Management LLC Sells 2,426 Shares of Marriott International, Inc. (NASDAQ:MAR)

Sendero Wealth Management LLC lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 66.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,251 shares of the company’s stock after selling 2,426 shares during the quarter. Sendero Wealth Management LLC’s holdings in Marriott International were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Roble Belko & Company Inc increased its position in shares of Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. ORG Partners LLC grew its position in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares during the period. Keener Financial Planning LLC purchased a new position in Marriott International in the fourth quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new stake in Marriott International in the fourth quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Marriott International during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MAR. Mizuho increased their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. BMO Capital Markets lifted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Barclays increased their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Robert W. Baird boosted their price objective on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Susquehanna assumed coverage on Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price for the company. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $242.19.

Marriott International Stock Performance

NASDAQ:MAR traded down $0.48 during mid-day trading on Friday, reaching $241.77. The stock had a trading volume of 6,788,859 shares, compared to its average volume of 1,465,833. Marriott International, Inc. has a one year low of $177.10 and a one year high of $260.57. The firm has a 50 day moving average price of $237.41 and a two-hundred day moving average price of $239.02. The stock has a market capitalization of $69.05 billion, a P/E ratio of 24.95, a P/E/G ratio of 4.55 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same period last year, the company posted $2.09 EPS. Marriott International’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts forecast that Marriott International, Inc. will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

The business 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 $0.63 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, May 23rd. Marriott International’s payout ratio is 26.01%.

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.