Concurrent Investment Advisors LLC Has $1.87 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Concurrent Investment Advisors LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,690 shares of the company’s stock after selling 222 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Marriott International were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAR. Sound Income Strategies LLC raised its stake 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 worth $30,000 after purchasing an additional 89 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the third quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International in the third quarter worth approximately $33,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth approximately $33,000. Finally, ORG Partners LLC raised its stake in shares of Marriott International by 158.5% in 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. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR opened at $277.47 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business has a 50 day simple moving average of $283.73 and a two-hundred day simple moving average of $264.75. The firm has a market capitalization of $76.50 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MAR. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Barclays decreased their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. UBS Group increased their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. TD Cowen decreased their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Truist Financial increased their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $284.05.

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.