Marriott International, Inc. (NASDAQ:MAR) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,948 shares of the company's stock after selling 1,374 shares during the quarter. IHT Wealth Management LLC's holdings in Marriott International were worth $3,333,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in Marriott International during the fourth quarter worth approximately $580,922,000. Wellington Management Group LLP lifted its holdings in shares of Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Marriott International in the 4th quarter valued at $165,162,000. Invesco Ltd. raised its position in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after purchasing an additional 512,963 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in shares of Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock worth $100,636,000 after purchasing an additional 359,795 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction dated 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 transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. Insiders own 10.68% of the company's stock.

Marriott International Stock Down 0.0 %

MAR stock traded down $0.06 during midday trading on Friday, reaching $236.20. The company had a trading volume of 1,989,799 shares, compared to its average volume of 1,576,617. The firm has a market capitalization of $65.18 billion, a PE ratio of 28.39, a P/E/G ratio of 3.42 and a beta of 1.42. The stock has a 50 day moving average price of $244.16 and a 200 day moving average price of $267.37. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Barclays dropped their target price on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday. Wells Fargo & Company dropped their price target on shares of 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. Susquehanna raised their target price on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $245.00 target price (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Finally, Truist Financial decreased their price target on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Fourteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $273.10.

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.