Marriott International, Inc. (NASDAQ:MAR) Position Trimmed by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,509 shares of the company’s stock after selling 391 shares during the quarter. Global Retirement Partners LLC’s holdings in Marriott International were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC boosted its holdings in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the 4th quarter worth approximately $33,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International in the 3rd quarter valued at $33,000. Finally, Heck Capital Advisors LLC bought a new position in Marriott International in the 4th quarter worth $38,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of MAR opened at $277.47 on Monday. The firm has a market capitalization of $76.50 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business’s fifty day moving average price is $283.73 and its two-hundred day moving average price is $265.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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%. As a group, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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 issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MAR shares. Truist Financial increased their target price on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their target price on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. UBS Group boosted their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Finally, Argus lifted their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. 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 an average price target of $284.05.

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.