Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 44.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,557 shares of the company’s stock after selling 2,075 shares during the quarter. Calamos Wealth Management LLC’s holdings in Marriott International were worth $713,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Silvant Capital Management LLC acquired a new stake in Marriott International during the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the third quarter worth $33,000. ORG Partners LLC raised its holdings in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $290.75 on Wednesday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45. The stock has a market cap of $80.80 billion, a P/E ratio of 30.41, a P/E/G ratio of 4.68 and a beta of 1.57. The stock’s 50 day simple moving average is $283.11 and its 200-day simple moving average is $259.42.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the business earned $2.11 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

MAR has been the subject of several analyst reports. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday. Robert W. Baird upped their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Argus boosted their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Truist Financial raised their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Sanford C. Bernstein increased their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and an average price target of $276.35.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,315 shares of company stock worth $3,782,494 in the last 90 days. Insiders own 10.07% of the company’s stock.

Marriott International Company 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.