Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 1.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,241 shares of the company’s stock after selling 41 shares during the period. Jessup Wealth Management Inc’s holdings in Marriott International were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MAR. Allspring Global Investments Holdings LLC raised its stake in Marriott International by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock valued at $3,690,000 after acquiring an additional 274 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Marriott International by 4.8% during the third quarter. Whittier Trust Co. now owns 6,854 shares of the company’s stock worth $1,704,000 after purchasing an additional 314 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Marriott International by 15.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 494 shares of the company’s stock valued at $123,000 after buying an additional 67 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Marriott International by 3.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,855 shares of the company’s stock valued at $461,000 after buying an additional 70 shares during the period. Finally, Telos Capital Management Inc. raised its position in Marriott International by 10.2% during the 3rd quarter. Telos Capital Management Inc. now owns 1,082 shares of the company’s stock worth $269,000 after buying an additional 100 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Down 0.3 %

MAR stock opened at $287.56 on Thursday. The stock has a 50-day moving average price of $283.98 and a two-hundred day moving average price of $264.13. The company has a market cap of $79.28 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 3.38 and a beta of 1.57. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAR. Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Barclays cut their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Truist Financial raised their target price on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Finally, Robert W. Baird boosted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $284.05.

Insider Activity at Marriott International

In other news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.07% of the stock is owned by insiders.

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, City Express by Marriott, and St.