Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 32,496 shares of the company’s stock after selling 315 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Marriott International were worth $9,065,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. E. Ohman J or Asset Management AB purchased a new stake in Marriott International during the 4th quarter worth $3,110,000. Longboard Asset Management LP acquired a new stake in shares of Marriott International in the fourth quarter valued at about $202,000. Patron Partners LLC raised its holdings in shares of Marriott International by 2.7% during the 4th quarter. Patron Partners LLC now owns 3,657 shares of the company’s stock valued at $1,020,000 after buying an additional 95 shares during the period. Optas LLC purchased a new position in Marriott International in the 4th quarter worth approximately $305,000. Finally, Financial Life Planners purchased a new stake in shares of Marriott International during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.6 %

Shares of NASDAQ MAR opened at $292.39 on Thursday. The company has a market cap of $81.25 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. The stock’s 50 day simple moving average is $283.16 and its 200 day simple moving average is $259.75. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for 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 firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 EPS. As a group, equities analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on MAR. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Barclays boosted their price target on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Truist Financial raised their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Tuesday. Thirteen equities research 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 has a consensus rating of “Hold” and a consensus price target of $276.35.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,399 shares of company stock worth $3,529,238. Insiders own 10.07% of the company’s stock.

Marriott International Company 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.