Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 65.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,067 shares of the company’s stock after selling 9,735 shares during the quarter. Sigma Planning Corp’s holdings in Marriott International were worth $1,143,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC grew its holdings in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the period. Keener Financial Planning LLC purchased a new stake in shares of Marriott International during the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in shares of Marriott International during the 3rd quarter worth about $25,000. Anchor Investment Management LLC purchased a new stake in shares of Marriott International during the 4th quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Marriott International in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the subject of a number of analyst reports. Truist Financial upped their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. UBS Group upped their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Argus upped their price target on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. 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 report on Wednesday, February 14th. Finally, Robert W. Baird decreased their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and an average price target of $236.88.

Marriott International Trading Up 0.6 %

MAR stock opened at $237.41 on Tuesday. The firm has a market cap of $68.60 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.72 and a beta of 1.62. Marriott International, Inc. has a 12-month low of $162.77 and a 12-month high of $260.57. The stock’s 50 day simple moving average is $248.08 and its 200 day simple moving average is $226.17.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. On average, research analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 20.41%.

Insiders Place Their Bets

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $23,188,899.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the transaction, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last three months. Company insiders own 10.07% of the company’s stock.

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.