Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,198 shares of the company’s stock after selling 1,166 shares during the period. Orion Portfolio Solutions LLC’s holdings in Marriott International were worth $11,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Wealth LLC lifted its holdings in Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after purchasing an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Marriott International in the 3rd quarter valued at about $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in Marriott International in the 4th quarter worth about $2,990,000. Markel Group Inc. raised its holdings in shares of Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock valued at $13,110,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Covea Finance lifted its position in shares of Marriott International by 69.9% in the fourth quarter. Covea Finance now owns 60,540 shares of the company’s stock valued at $16,887,000 after acquiring an additional 24,900 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 3.0 %

MAR stock opened at $237.01 on Friday. The business’s fifty day moving average price is $272.32 and its 200 day moving average price is $270.31. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market capitalization of $65.34 billion, a PE ratio of 28.49, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. UBS Group upped their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial decreased their target price on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, The Goldman Sachs Group increased their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $286.05.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

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.