Marriott International, Inc. (NASDAQ:MAR) Stake Cut by Carson Advisory Inc.

Carson Advisory Inc. lessened its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 59.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075 shares of the company's stock after selling 1,572 shares during the period. Carson Advisory Inc.'s holdings in Marriott International were worth $300,000 at the end of the most recent reporting period.

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

Insider Activity at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the business's 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 sale, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last 90 days. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

NASDAQ:MAR traded up $1.62 during midday trading on Friday, reaching $220.41. 1,523,436 shares of the company traded hands, compared to its average volume of 1,564,767. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The company has a fifty day moving average price of $251.42 and a 200 day moving average price of $268.42. The firm has a market capitalization of $60.82 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (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%. On average, equities research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research analyst reports. Evercore ISI raised shares of 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. Truist Financial cut their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group lowered their price target on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Barclays decreased their target price on Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $277.00.

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.