American Money Management LLC Sells 112 Shares of Marriott International, Inc. (NASDAQ:MAR)

American Money Management LLC lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,986 shares of the company’s stock after selling 112 shares during the period. Marriott International accounts for about 1.3% of American Money Management LLC’s holdings, making the stock its 27th biggest position. American Money Management LLC’s holdings in Marriott International were worth $6,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in Marriott International during the 4th quarter valued at about $25,000. Bell Investment Advisors Inc boosted its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 55 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC bought a new position in Marriott International during the 4th quarter valued at $38,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Marriott International stock opened at $237.01 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm has a market capitalization of $65.34 billion, a P/E ratio of 28.49, a PEG ratio of 3.42 and a beta of 1.58. The business has a fifty day moving average price of $272.32 and a 200-day moving average price of $270.62.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last ninety days. 12.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. 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 note on Friday, December 13th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Mizuho upped their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Susquehanna lifted their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $286.05.

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.