Carolina Wealth Advisors LLC Purchases 409 Shares of Marriott International, Inc. (NASDAQ:MAR)

Carolina Wealth Advisors LLC boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 82.3% in the fourth quarter, HoldingsChannel reports. The firm owned 906 shares of the company’s stock after buying an additional 409 shares during the period. Carolina Wealth Advisors LLC’s holdings in Marriott International were worth $253,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares during the last quarter. One Capital Management LLC raised its position in Marriott International by 37.6% in the second quarter. One Capital Management LLC now owns 2,066 shares of the company’s stock worth $499,000 after acquiring an additional 565 shares during the period. Lingotto Investment Management LLP raised its position in Marriott International by 9.6% in the second quarter. Lingotto Investment Management LLP now owns 28,713 shares of the company’s stock worth $6,942,000 after acquiring an additional 2,515 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Marriott International by 8.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock worth $8,765,000 after acquiring an additional 2,711 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in Marriott International by 3.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,405 shares of the company’s stock worth $5,165,000 after acquiring an additional 845 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 3.91 % 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 that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value 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. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 in the last three months. 10.07% of the stock is currently owned by insiders.

Marriott International Stock Down 0.1 %

Shares of NASDAQ MAR opened at $276.05 on Thursday. The business’s 50 day moving average price is $282.64 and its 200 day moving average price is $255.36. The firm has a market cap of $76.71 billion, a P/E ratio of 28.88, a P/E/G ratio of 4.48 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 EPS. As a group, research analysts expect that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Barclays boosted their price target on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group boosted their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Finally, Truist Financial upped their price objective on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $269.65.

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.