Waddell & Associates LLC Sells 394 Shares of Marriott International, Inc. (NASDAQ:MAR)

Waddell & Associates LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,052 shares of the company’s stock after selling 394 shares during the quarter. Waddell & Associates LLC’s holdings in Marriott International were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC lifted its holdings in shares of Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares during the period. Keener Financial Planning LLC bought a new position in Marriott International in the 4th quarter worth approximately $30,000. Anchor Investment Management LLC bought a new position in Marriott International in the 4th quarter valued at $31,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Marriott International in the 4th quarter valued at $33,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Marriott International during the fourth quarter worth $33,000. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In other news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research reports. Mizuho upped their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. UBS Group lifted their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Barclays increased their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Argus raised their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Truist Financial upped their price target on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $241.33.

Marriott International Trading Down 0.4 %

Shares of MAR stock traded down $0.93 on Friday, hitting $231.10. 2,723,430 shares of the stock were exchanged, compared to its average volume of 1,178,131. The business has a 50-day moving average of $239.70 and a 200 day moving average of $235.73. Marriott International, Inc. has a fifty-two week low of $170.03 and a fifty-two week high of $260.57. The firm has a market capitalization of $66.01 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 4.36 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 earnings per share. As a group, research analysts forecast that Marriott International, Inc. will post 9.53 EPS for the current fiscal year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 23rd. Marriott International’s dividend payout ratio is currently 26.01%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.