Tsfg LLC Decreases Stake in Marriott International, Inc. (NASDAQ:MAR)

Tsfg LLC decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 24.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 630 shares of the company’s stock after selling 202 shares during the period. Tsfg LLC’s holdings in Marriott International were worth $176,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MAR. Silvant Capital Management LLC acquired a new position in shares of Marriott International during the 3rd quarter valued at $31,000. Darwin Wealth Management LLC purchased a new position in shares of Marriott International in the third quarter valued at $33,000. Cyrus J. Lawrence LLC acquired a new position in Marriott International in the 2nd quarter worth $36,000. ORG Partners LLC boosted its position in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Marriott International during the third quarter worth about $40,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on MAR shares. Jefferies Financial Group raised 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. Truist Financial lifted their price target on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. BMO Capital Markets boosted their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Marriott International presently has an average rating of “Hold” and an average target price of $269.65.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This represents a 5.61 % 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, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Up 0.6 %

Shares of NASDAQ:MAR opened at $272.29 on Tuesday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The company has a market cap of $75.67 billion, a PE ratio of 28.48, a P/E/G ratio of 5.47 and a beta of 1.57. The company’s 50-day moving average price is $282.31 and its 200 day moving average price is $255.12.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the company earned $2.11 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.93%. Marriott International’s payout ratio is 26.36%.

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.