Financial Counselors Inc. Has $298,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Financial Counselors Inc. cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 79.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,070 shares of the company's stock after selling 4,128 shares during the quarter. Financial Counselors Inc.'s holdings in Marriott International were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International in the fourth quarter worth $25,000. Bell Investment Advisors Inc increased its holdings in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC raised its position in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth about $33,000. Finally, ORG Partners LLC grew its stake in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International 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 $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 1,054 shares of the company'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 transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock valued at $8,938,132. Corporate insiders own 12.32% of the company's stock.

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Marriott International Price Performance

Shares of NASDAQ MAR traded up $1.19 during mid-day trading on Monday, reaching $238.20. 1,948,822 shares of the company traded hands, compared to its average volume of 1,503,255. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm has a market cap of $65.67 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The stock has a fifty day simple moving average of $272.32 and a 200-day simple moving average of $270.93.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International's dividend payout ratio (DPR) is 30.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MAR shares. Truist Financial lowered their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Argus lifted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Mizuho increased their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their target price 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. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of "Hold" and an average price target of $286.05.

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.