J.W. Cole Advisors Inc. Has $574,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

J.W. Cole Advisors Inc. boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,545 shares of the company’s stock after purchasing an additional 162 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Marriott International were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Marriott International by 6.2% in the 3rd quarter. CWM LLC now owns 5,862 shares of the company’s stock valued at $1,152,000 after acquiring an additional 341 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Marriott International by 17.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,592 shares of the company’s stock valued at $313,000 after purchasing an additional 232 shares during the period. Capital Investment Advisors LLC grew its position in shares of Marriott International by 0.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock valued at $1,177,000 after purchasing an additional 52 shares during the period. Montecito Bank & Trust acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $237,000. Finally, Argus Investors Counsel Inc. grew its position in shares of Marriott International by 1.2% in the 3rd quarter. Argus Investors Counsel Inc. now owns 7,686 shares of the company’s stock valued at $1,511,000 after purchasing an additional 90 shares during the period. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MAR shares. Truist Financial upped their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. BMO Capital Markets upped their price target on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Barclays upped their price target on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group increased their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Argus increased their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $236.88.

Insider Activity at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the transaction, the chief financial officer now owns 20,036 shares in the company, valued at $4,862,937.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. Corporate insiders own 10.07% of the company’s stock.

Marriott International Stock Performance

MAR stock opened at $237.41 on Tuesday. The company has a market capitalization of $68.60 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.72 and a beta of 1.62. Marriott International, Inc. has a fifty-two week low of $162.77 and a fifty-two week high of $260.57. The stock has a fifty day moving average of $248.08 and a 200-day moving average of $226.17.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the firm posted $1.96 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued 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 0.88%. Marriott International’s dividend payout ratio is 20.41%.

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.