Cary Street Partners Financial LLC Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Cary Street Partners Financial LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,883 shares of the company's stock, valued at approximately $3,036,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new stake in Marriott International in the 4th quarter worth about $25,000. Bernard Wealth Management Corp. bought a new stake in Marriott International in the fourth quarter worth $25,000. Bell Investment Advisors Inc lifted its stake in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC grew its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after acquiring an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the fourth quarter worth about $33,000. 70.70% of the stock is currently owned by institutional investors.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 over the last quarter. Insiders own 10.68% of the company's stock.

Marriott International Price Performance

Shares of MAR stock traded down $1.33 during midday trading on Friday, reaching $257.97. 1,489,028 shares of the company traded hands, compared to its average volume of 1,602,182. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a market cap of $70.66 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. The firm's 50 day simple moving average is $237.89 and its two-hundred day simple moving average is $266.40.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The business's revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. Marriott International's dividend payout ratio (DPR) is 28.70%.

Wall Street Analyst Weigh In

MAR has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday. Truist Financial lowered their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. BMO Capital Markets boosted their price objective on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a report on Wednesday. Barclays decreased their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Argus raised their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Fourteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $272.75.

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.