Sigma Planning Corp Sells 689 Shares of Marriott International, Inc. (NASDAQ:MAR)

Sigma Planning Corp trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,602 shares of the company’s stock after selling 689 shares during the period. Sigma Planning Corp’s holdings in Marriott International were worth $1,842,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MAR. Sound Income Strategies LLC boosted its holdings in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Silvant Capital Management LLC bought a new stake in shares of Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new position in Marriott International in the third quarter worth $33,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $33,000. Finally, ORG Partners LLC lifted its holdings in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Trading Down 3.4 %

Shares of NASDAQ:MAR opened at $277.47 on Monday. The stock has a market capitalization of $76.50 billion, a P/E ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57. The business has a 50-day moving average price of $283.73 and a two-hundred day moving average price of $265.45. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR) last posted 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%. As a group, equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MAR shares. Stifel Nicolaus lifted their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. TD Cowen reduced their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. 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. Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $284.05.

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.