Anchor Capital Advisors LLC Lowers Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Anchor Capital Advisors LLC cut its position in Marriott International, Inc. (NASDAQ:MAR) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,396 shares of the company’s stock after selling 83 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Marriott International were worth $766,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its position in Marriott International by 34.4% during the third quarter. Valeo Financial Advisors LLC now owns 1,602 shares of the company’s stock valued at $315,000 after purchasing an additional 410 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Marriott International by 33.0% in the 3rd quarter. Raymond James & Associates now owns 540,684 shares of the company’s stock worth $106,277,000 after acquiring an additional 134,079 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Marriott International by 14.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 22,976 shares of the company’s stock worth $4,516,000 after purchasing an additional 2,858 shares during the period. Stratos Wealth Advisors LLC bought a new position in shares of Marriott International during the third quarter valued at about $310,000. Finally, Segment Wealth Management LLC lifted its stake in shares of Marriott International by 2,786.7% in the 3rd quarter. Segment Wealth Management LLC now owns 50,517 shares of the company’s stock valued at $9,930,000 after acquiring an additional 48,767 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

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 value 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 document filed with the SEC, which is accessible through this link. In related news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 over the last three months. 12.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAR. Mizuho cut their target price on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Truist Financial raised their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. BMO Capital Markets increased their price objective on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Argus boosted their target price on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, UBS Group raised their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $236.69.

Marriott International Stock Performance

NASDAQ:MAR opened at $236.13 on Wednesday. The firm has a 50-day simple moving average of $248.20 and a two-hundred day simple moving average of $228.04. The firm has a market cap of $68.23 billion, a P/E ratio of 23.17, a P/E/G ratio of 5.36 and a beta of 1.62. Marriott International, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $260.57.

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

Marriott International Announces Dividend

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