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

Denali Advisors LLC reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,794 shares of the company’s stock after selling 7,697 shares during the quarter. Denali Advisors LLC’s holdings in Marriott International were worth $2,732,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its holdings in 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 in the last quarter. Silvant Capital Management LLC purchased a new stake in Marriott International in the third quarter valued at approximately $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the third quarter valued at approximately $33,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Marriott International during the fourth quarter worth approximately $33,000. Finally, ORG Partners LLC raised its stake 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. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MAR. Argus upped their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group upped their target price on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Barclays decreased their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. 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 research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $284.05.

Marriott International Stock Up 0.3 %

MAR stock opened at $277.46 on Wednesday. The business’s fifty day moving average is $283.22 and its 200-day moving average is $266.30. The company has a market cap of $76.49 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating 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%. Research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is presently 30.29%.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,640 shares of company stock valued at $8,645,668. 10.07% of the stock is owned by company insiders.

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.