Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,452 shares of the company’s stock after buying an additional 55 shares during the period. Proactive Wealth Strategies LLC’s holdings in Marriott International were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its holdings in shares of Marriott International by 126.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock worth $242,000 after acquiring an additional 542 shares during the period. Creative Planning increased its position in Marriott International by 4.1% during the third quarter. Creative Planning now owns 97,322 shares of the company’s stock worth $24,194,000 after buying an additional 3,840 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of Marriott International by 22.4% during the third quarter. Stratos Wealth Advisors LLC now owns 2,446 shares of the company’s stock worth $608,000 after purchasing an additional 448 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Marriott International by 46.1% during the third quarter. Blue Trust Inc. now owns 5,300 shares of the company’s stock worth $1,281,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Marriott International by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 120,659 shares of the company’s stock valued at $29,996,000 after acquiring an additional 1,577 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MAR shares. Wells Fargo & Company lifted their target price on Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Mizuho boosted their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial boosted their target price on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. UBS Group upped their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, TD Cowen dropped their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $284.45.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the business’s 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 completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.32% of the company’s stock.

Marriott International Trading Down 1.6 %

Shares of MAR stock opened at $283.52 on Tuesday. The firm’s fifty day moving average price is $284.12 and its two-hundred day moving average price is $262.98. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market capitalization of $78.79 billion, a P/E ratio of 29.66, a PEG ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 26.36%.

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.