Wealthcare Advisory Partners LLC Lowers Position in Marriott International, Inc. (NASDAQ:MAR)

Wealthcare Advisory Partners LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,543 shares of the company’s stock after selling 66 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Marriott International were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the 3rd quarter worth about $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International in the 3rd quarter worth approximately $33,000. Cyrus J. Lawrence LLC purchased a new stake in Marriott International in the second quarter worth approximately $36,000. ORG Partners LLC raised its stake in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Marriott International in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,815 shares of company stock worth $3,919,739. Company insiders own 10.07% of the company’s stock.

Marriott International Trading Up 0.4 %

Shares of MAR opened at $277.18 on Tuesday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The business’s fifty day simple moving average is $282.53 and its two-hundred day simple moving average is $256.13. The company has a market cap of $77.03 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate 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%. Marriott International’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 earnings per share. As a group, research analysts forecast that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is 26.36%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Barclays raised their price target on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. TD Cowen lowered their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Robert W. Baird lifted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $272.15.

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.