SPC Financial Inc. Has $4.29 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

SPC Financial Inc. decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,387 shares of the company’s stock after selling 68 shares during the quarter. SPC Financial Inc.’s holdings in Marriott International were worth $4,292,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MAR. PointState Capital LP acquired a new position in shares of Marriott International in the 3rd quarter valued at $98,249,000. Proficio Capital Partners LLC lifted its stake in shares of Marriott International by 36,564.5% in the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock valued at $100,636,000 after purchasing an additional 359,795 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after purchasing an additional 294,898 shares during the period. Mizuho Securities USA LLC raised its stake in Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after buying an additional 116,477 shares during the period. Finally, National Bank of Canada FI raised its stake in Marriott International by 78.5% during the 3rd quarter. National Bank of Canada FI now owns 198,812 shares of the company’s stock worth $49,425,000 after buying an additional 87,439 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $270.80 on Wednesday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a market capitalization of $74.66 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. The company has a 50-day simple moving average of $282.77 and a 200 day simple moving average of $268.40.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data 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 9.46% and a negative return on equity of 116.67%. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.93%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred 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 completion of the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were 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 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. Insiders sold 31,694 shares of company stock worth $8,938,132 over the last three months. Insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Truist Financial increased their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. The Goldman Sachs Group increased their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Mizuho increased their target price on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus increased their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $286.45.

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.