Forvis Mazars Wealth Advisors LLC Has $281,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Forvis Mazars Wealth Advisors LLC lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 8.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,009 shares of the company’s stock after selling 96 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Marriott International were worth $281,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. acquired a new stake in Marriott International in the third quarter valued at approximately $793,000. Sumitomo Mitsui Trust Group Inc. grew its stake in Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Marriott International in the third quarter valued at approximately $2,721,000. Union Bancaire Privee UBP SA bought a new position in shares of Marriott International in the fourth quarter valued at approximately $2,990,000. Finally, Kinsale Capital Group Inc. bought a new position in shares of Marriott International in the third quarter valued at approximately $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is owned by company insiders.

Marriott International Price Performance

Shares of MAR opened at $276.76 on Tuesday. The firm has a market cap of $76.30 billion, a PE ratio of 33.26, a PEG ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock’s fifty day moving average price is $283.46 and its two-hundred day moving average price is $265.88.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MAR shares. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Mizuho raised their target price on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. BMO Capital Markets raised their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Barclays dropped their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus price target of $284.05.

Marriott International 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.