Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,771 shares of the company’s stock after selling 590 shares during the period. Marriott International makes up about 1.3% of Oxinas Partners Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Oxinas Partners Wealth Management LLC’s holdings in Marriott International were worth $2,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MAR. Intech Investment Management LLC boosted its position in Marriott International by 10.7% in the 2nd quarter. Intech Investment Management LLC now owns 7,980 shares of the company’s stock valued at $1,929,000 after buying an additional 770 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Marriott International by 63.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,444 shares of the company’s stock valued at $2,042,000 after buying an additional 3,287 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Marriott International by 3.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,556 shares of the company’s stock valued at $618,000 after buying an additional 97 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Marriott International by 57.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 47,130 shares of the company’s stock valued at $11,395,000 after buying an additional 17,231 shares during the last quarter. Finally, AXA S.A. boosted its position in Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after buying an additional 126,323 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 in the last quarter. 10.07% of the stock is currently owned by company insiders.

Marriott International Trading Up 0.2 %

Marriott International stock opened at $277.72 on Wednesday. The company has a market capitalization of $77.18 billion, a P/E ratio of 29.05, a P/E/G ratio of 4.59 and a beta of 1.57. The firm’s fifty day simple moving average is $282.36 and its 200-day simple moving average is $256.39. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 EPS. On average, equities research analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a $0.63 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAR. Evercore ISI increased their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Robert W. Baird increased their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein increased their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Truist Financial increased their price target on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Bank of America increased their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $272.15.

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.