Catalyst Capital Advisors LLC Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Catalyst Capital Advisors LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,731 shares of the company’s stock after acquiring an additional 95 shares during the period. Catalyst Capital Advisors LLC’s holdings in Marriott International were worth $1,320,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MAR. Exchange Traded Concepts LLC boosted its holdings in shares of Marriott International by 126.0% during the third quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock worth $242,000 after purchasing an additional 542 shares during the period. Creative Planning raised its stake in Marriott International by 4.1% in the third quarter. Creative Planning now owns 97,322 shares of the company’s stock worth $24,194,000 after buying an additional 3,840 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Marriott International by 7.5% in the third quarter. Bleakley Financial Group LLC now owns 5,728 shares of the company’s stock worth $1,424,000 after buying an additional 400 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Marriott International by 50.2% in the third quarter. Stratos Wealth Partners LTD. now owns 32,811 shares of the company’s stock worth $8,157,000 after buying an additional 10,965 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its stake in Marriott International by 22.4% in the third quarter. Stratos Wealth Advisors LLC now owns 2,446 shares of the company’s stock worth $608,000 after buying an additional 448 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MAR shares. Wells Fargo & Company raised their target price on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Bank of America raised their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Truist Financial raised their target price on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group increased their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $284.45.

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.32% of the company’s stock.

Marriott International Trading Down 1.6 %

Shares of MAR stock opened at $283.52 on Monday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm’s 50 day moving average is $284.12 and its 200 day moving average is $262.73. The stock has a market capitalization of $78.79 billion, a P/E ratio of 29.66, a P/E/G ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, equities analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 26.36%.

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.