Burt Wealth Advisors Cuts Position in Marriott International, Inc. (NASDAQ:MAR)

Burt Wealth Advisors reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,787 shares of the company’s stock after selling 107 shares during the quarter. Burt Wealth Advisors’ holdings in Marriott International were worth $1,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canoe Financial LP purchased a new stake in Marriott International during the 3rd quarter valued at $77,331,000. International Assets Investment Management LLC boosted its holdings in Marriott International by 15,148.3% during the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after acquiring an additional 300,543 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after purchasing an additional 240,674 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MAR shares. Truist Financial dropped their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird upped their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. TD Cowen dropped their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and an average price target of $259.00.

Marriott International Trading Up 1.6 %

Shares of MAR stock traded up $4.39 during trading hours on Friday, reaching $282.07. 320,770 shares of the company’s stock were exchanged, compared to its average volume of 1,468,531. The stock has a market cap of $79.41 billion, a PE ratio of 29.05, a PEG ratio of 6.21 and a beta of 1.58. The stock’s fifty day moving average price is $249.39 and its two-hundred day moving average price is $239.69. Marriott International, Inc. has a 1 year low of $192.27 and a 1 year high of $282.43.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company 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 207.04%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS. On average, equities analysts expect that Marriott International, Inc. will post 9.27 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

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.