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

Stratos Wealth Partners LTD. lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 36.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAR. FMR LLC boosted its position in Marriott International by 0.8% during the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after purchasing an additional 56,978 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after buying an additional 60,458 shares during the period. Capital International Investors grew its stake in Marriott International by 0.3% in the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company's stock valued at $1,316,682,000 after buying an additional 15,923 shares during the last quarter. Wellington Management Group LLP lifted its position in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after acquiring an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Down 0.2%

Marriott International stock traded down $0.65 during mid-day trading on Friday, hitting $281.65. 990,597 shares of the company were exchanged, compared to its average volume of 1,590,819. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The business has a fifty day moving average of $266.48 and a 200 day moving average of $262.65. The company has a market capitalization of $77.14 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 3.48 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.07. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $2.13 EPS. Research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 23rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.95%. This is a boost from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MAR. Truist Financial cut their price objective on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. BMO Capital Markets raised their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. UBS Group cut their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and raised their price target for the stock from $226.00 to $303.00 in a research report on Monday, May 12th. Thirteen research 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 company. According to MarketBeat.com, Marriott International has an average rating of "Moderate Buy" and an average target price of $275.90.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the sale, the insider owned 5,706 shares of the company's stock, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the transaction, the executive vice president directly owned 20,724 shares of the company's stock, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is currently owned by insiders.

Marriott International Company 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.