Choreo LLC Reduces Holdings in Marriott International, Inc. (NASDAQ:MAR)

Choreo LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,690 shares of the company’s stock after selling 96 shares during the period. Choreo LLC’s holdings in Marriott International were worth $8,307,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MAR. Sound Income Strategies LLC grew its holdings 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 purchasing an additional 89 shares during the period. Silvant Capital Management LLC bought a new position in Marriott International during the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International in the third quarter worth $33,000. 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 worth $38,000 after acquiring an additional 84 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Marriott International in the 4th quarter worth about $38,000. 70.70% of the stock is owned by institutional investors.

Insider Transactions at Marriott International

In other Marriott International news, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares in the company, valued at $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,315 shares of company stock valued at $3,782,494. 10.07% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

Shares of MAR stock opened at $290.75 on Wednesday. The company has a market capitalization of $80.80 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 4.68 and a beta of 1.57. The company’s fifty day moving average price is $283.16 and its 200-day moving average price is $259.75. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $2.11 EPS. Equities research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed 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. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Analyst Ratings Changes

MAR has been the topic of several analyst reports. BMO Capital Markets upped their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. TD Cowen dropped their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Barclays upped their target price on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research note on Tuesday. Finally, Truist Financial lifted their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $276.35.

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.