Petredis Investment Advisors LLC Has $4.67 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Petredis Investment Advisors LLC lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,742 shares of the company’s stock after selling 240 shares during the quarter. Petredis Investment Advisors LLC’s holdings in Marriott International were worth $4,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MAR. Sound Income Strategies LLC raised its position in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC bought a new position in Marriott International in the 3rd quarter valued at $33,000. ORG Partners LLC raised 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 purchasing an additional 84 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new position in Marriott International in the 3rd quarter valued at $40,000. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MAR shares. Truist Financial lifted their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. BMO Capital Markets boosted their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Barclays boosted their target price on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus boosted their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Fourteen research 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 has a consensus rating of “Hold” and a consensus target price of $272.15.

Marriott International Stock Performance

Shares of MAR stock opened at $284.11 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45. The company’s 50 day moving average price is $282.13 and its two-hundred day moving average price is $257.01. The company has a market capitalization of $78.95 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 4.64 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during 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 company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 earnings per share. Analysts forecast 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. Shareholders of record on Thursday, November 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insiders Place Their Bets

In other news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the firm’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 transaction, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 12.32% of the company’s stock.

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.