BBR Partners LLC Trims Position in Marriott International, Inc. (NASDAQ:MAR)

BBR Partners LLC lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 22.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 808 shares of the company’s stock after selling 239 shares during the quarter. BBR Partners LLC’s holdings in Marriott International were worth $225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC grew its position in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Marriott International during the 3rd quarter valued at approximately $33,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $33,000. ORG Partners LLC lifted its holdings in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Marriott International during the fourth quarter valued at $38,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

Shares of MAR stock opened at $262.75 on Friday. The stock has a 50 day moving average price of $281.57 and a 200 day moving average price of $268.64. The firm has a market capitalization of $72.44 billion, a P/E ratio of 31.58, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. Marriott International’s payout ratio is 30.29%.

Analyst Ratings Changes

MAR has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Stifel Nicolaus increased their price target on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Mizuho lifted their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Jefferies Financial Group raised their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Susquehanna upped their price target on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $286.45.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 over the last quarter. 12.32% of the stock is owned by corporate insiders.

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, City Express by Marriott, and St.