Physician Wealth Advisors Inc. Buys Shares of 704 Marriott International, Inc. (NASDAQ:MAR)

Physician Wealth Advisors Inc. purchased a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 704 shares of the company’s stock, valued at approximately $196,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MAR. Norges Bank acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $580,922,000. Charles Schwab Investment Management Inc. increased its position in Marriott International by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after acquiring an additional 32,288 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Marriott International by 19.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 790,162 shares of the company’s stock valued at $220,408,000 after acquiring an additional 125,993 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after purchasing an additional 47,551 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Marriott International during the fourth quarter valued at $165,162,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAR. Truist Financial reduced their price objective on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday, March 21st. Barclays decreased their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Morgan Stanley upped their target price on Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Susquehanna lifted their price target on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, 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 research note on Thursday, January 2nd. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $286.05.

Insider Transactions at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at $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. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 in the last 90 days. 12.32% of the stock is owned by insiders.

Marriott International Stock Performance

MAR stock opened at $237.01 on Monday. The firm has a 50 day simple moving average of $272.32 and a 200 day simple moving average of $270.93. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market cap of $65.34 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.42 and a beta of 1.58.

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

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. 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 dividend payout ratio is 30.29%.

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.