International Assets Investment Management LLC Sells 301,348 Shares of Marriott International, Inc. (NASDAQ:MAR)

International Assets Investment Management LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 99.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,179 shares of the company's stock after selling 301,348 shares during the period. International Assets Investment Management LLC's holdings in Marriott International were worth $324,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MAR. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the third quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $33,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Marriott International during the 2nd quarter worth $36,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Marriott International during the third quarter worth $40,000. Finally, Kimelman & Baird LLC acquired a new stake in Marriott International in the second quarter valued at $41,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

NASDAQ MAR opened at $270.76 on Monday. The firm has a market capitalization of $75.24 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 5.47 and a beta of 1.57. The company has a 50 day simple moving average of $281.99 and a 200-day simple moving average of $254.90. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.11 earnings per share. On average, analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.93%. Marriott International's dividend payout ratio (DPR) is currently 26.36%.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares of the company's stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company's stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 over the last quarter. Insiders own 12.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird increased their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Truist Financial upped their target price on Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Finally, Mizuho lifted their price target on Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $269.65.

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.