Stratos Wealth Partners LTD. Sells 11,774 Shares of Marriott International, Inc. (NASDAQ:MAR)

Stratos Wealth Partners LTD. reduced its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 36.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,722 shares of the company's stock after selling 11,774 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Marriott International were worth $4,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MAR. Brighton Jones LLC raised its holdings in shares of Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after purchasing an additional 218 shares during the last quarter. Assetmark Inc. raised its stake in Marriott International by 275.0% during the 4th quarter. Assetmark Inc. now owns 225 shares of the company's stock valued at $63,000 after buying an additional 165 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Marriott International by 31.4% in the 4th quarter. Proficio Capital Partners LLC now owns 1,293 shares of the company's stock worth $361,000 after buying an additional 309 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Marriott International by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,884 shares of the company's stock worth $13,357,000 after acquiring an additional 1,699 shares during the period. Finally, Moran Wealth Management LLC increased its position in Marriott International by 70.5% during the fourth quarter. Moran Wealth Management LLC now owns 4,369 shares of the company's stock valued at $1,219,000 after acquiring an additional 1,807 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MAR. JPMorgan Chase & Co. began coverage on Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target for the company. Truist Financial cut their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Barclays decreased their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group restated a "neutral" rating and issued a $245.00 price objective (down from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Finally, Robert W. Baird lifted their target price on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of "Moderate Buy" and a consensus price target of $275.90.

Insider Activity

In related news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the sale, the insider owned 5,706 shares in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the transaction, the chief executive officer owned 124,067 shares of the company's stock, valued at $32,741,281.30. This trade represents a 8.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is currently owned by insiders.

Marriott International Price Performance

Marriott International stock opened at $279.19 on Thursday. The firm's 50 day moving average price is $265.07 and its 200-day moving average price is $262.69. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a market cap of $76.47 billion, a P/E ratio of 31.80, a PEG ratio of 3.45 and a beta of 1.41.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 EPS. As a group, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were paid a $0.67 dividend. This is an increase from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a yield of 0.96%. Marriott International's payout ratio is presently 30.52%.

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.

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