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

Quadrant Private Wealth Management LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 43.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,328 shares of the company's stock after selling 1,020 shares during the quarter. Quadrant Private Wealth Management LLC's holdings in Marriott International were worth $371,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MAR. 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 worth $30,000 after acquiring an additional 89 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the 3rd quarter worth approximately $33,000. Wingate Wealth Advisors Inc. acquired a new position in Marriott International during the fourth quarter worth $33,000. Finally, ORG Partners LLC grew its holdings in 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 purchasing an additional 84 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.3 %

Shares of NASDAQ MAR traded down $0.86 during midday trading on Wednesday, hitting $287.56. The stock had a trading volume of 1,340,002 shares, compared to its average volume of 1,565,408. The company has a fifty day moving average price of $284.06 and a 200 day moving average price of $263.97. The company has a market capitalization of $79.28 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 3.38 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast 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 will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International's payout ratio is currently 30.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MAR shares. Barclays decreased their price objective on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird upped their target price on Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Truist Financial raised their price target on Marriott International from $277.00 to $308.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Stifel Nicolaus increased their price objective on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Finally, Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Marriott International currently has an average rating of "Hold" and a consensus target price of $284.05.

Insider Activity

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.07% of the company's stock.

About Marriott International

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.