Corient Private Wealth LLC Has $60.79 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Corient Private Wealth LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,698 shares of the company's stock after selling 2,409 shares during the period. Corient Private Wealth LLC owned 0.08% of Marriott International worth $60,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in Marriott International by 3.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,606 shares of the company's stock worth $2,401,000 after purchasing an additional 285 shares in the last quarter. Choate Investment Advisors boosted its holdings in Marriott International by 2.4% in the fourth quarter. Choate Investment Advisors now owns 3,575 shares of the company's stock worth $997,000 after purchasing an additional 84 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Marriott International by 5.0% in the fourth quarter. Natixis Advisors LLC now owns 295,473 shares of the company's stock worth $82,419,000 after purchasing an additional 13,974 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Marriott International in the fourth quarter worth $1,012,000. Finally, Atala Financial Inc bought a new stake in Marriott International during the fourth quarter valued at about $3,846,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Marriott International stock traded down $2.78 during trading hours on Thursday, hitting $244.84. 922,585 shares of the stock were exchanged, compared to its average volume of 1,415,919. The stock has a market capitalization of $67.50 billion, a P/E ratio of 29.43, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The business's 50-day moving average is $276.77 and its two-hundred day moving average is $269.96.

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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 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%. On average, equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business 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. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of recent analyst reports. Jefferies Financial Group upped 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. The Goldman Sachs Group upped their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Mizuho upped their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley upped their price objective on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $286.45.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock valued at $8,938,132 over the last three months. 12.32% of the stock is owned by insiders.

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.