Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC cut its position in Marriott International, Inc. (NASDAQ:MAR) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,255 shares of the company’s stock after selling 50 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Marriott International were worth $350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Silvant Capital Management LLC bought a new stake in Marriott International during the 3rd quarter valued at $31,000. Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the third quarter valued at about $33,000. Cyrus J. Lawrence LLC bought a new position in Marriott International in the 2nd quarter valued at about $36,000. ORG Partners LLC increased its stake in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Marriott International in the 3rd quarter worth approximately $40,000. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MAR shares. Robert W. Baird increased their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their price target on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. 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 report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $269.65.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $276.43 on Wednesday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45. The firm has a market cap of $76.82 billion, a P/E ratio of 28.92, a P/E/G ratio of 5.47 and a beta of 1.57. The business’s fifty day moving average is $282.64 and its two-hundred day moving average is $255.36.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Marriott International, Inc. will post 9.26 earnings per share 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 given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International’s payout ratio is 26.36%.

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, City Express by Marriott, and St.