Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,625 shares of the company’s stock after selling 250 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Marriott International were worth $21,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAR. PointState Capital LP acquired a new position in shares of Marriott International during the third quarter worth $98,249,000. Canoe Financial LP acquired a new position in shares of Marriott International during the 3rd quarter worth about $77,331,000. International Assets Investment Management LLC raised its position in shares of Marriott International by 15,148.3% during the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after acquiring an additional 300,543 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Marriott International by 341.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after purchasing an additional 294,898 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its stake in Marriott International by 629.7% in the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after purchasing an additional 116,477 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Marriott International stock opened at $290.46 on Tuesday. The business has a fifty day moving average of $283.06 and a two-hundred day moving average of $259.10. The company has a market cap of $80.72 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Sell-side analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.87%. Marriott International’s dividend payout ratio is presently 26.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial upped their target price on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Robert W. Baird boosted their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $272.15.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,815 shares of company stock valued at $3,919,739. Insiders own 12.32% of the company’s stock.

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.