Stifel Financial Corp Sells 1,414 Shares of Marriott International, Inc. (NASDAQ:MAR)

Stifel Financial Corp lowered its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,509 shares of the company's stock after selling 1,414 shares during the period. Stifel Financial Corp's holdings in Marriott International were worth $22,458,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Marriott International during the fourth quarter valued at approximately $25,000. Bernard Wealth Management Corp. purchased a new stake in Marriott International during the 4th quarter valued at $25,000. Bell Investment Advisors Inc increased its position in shares of 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 period. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Marriott International during the 4th quarter valued at about $33,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of MAR stock traded up $0.73 during mid-day trading on Monday, hitting $236.93. The company's stock had a trading volume of 2,418,222 shares, compared to its average volume of 1,582,026. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The stock has a market cap of $65.38 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 3.42 and a beta of 1.42. The business has a 50-day moving average price of $244.16 and a 200 day moving average price of $267.46.

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

Marriott International Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Marriott International's dividend payout ratio is presently 30.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MAR shares. Stifel Nicolaus reduced their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research note on Tuesday, February 4th. 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 note on Friday, March 21st. Melius Research raised Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Wells Fargo & Company lowered their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Fourteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $273.10.

Insider Transactions 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 transaction of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 in the last ninety days. Insiders own 10.68% of the company's stock.

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.