Kingswood Wealth Advisors LLC Sells 72 Shares of Marriott International, Inc. (NASDAQ:MAR)

Kingswood Wealth Advisors LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,278 shares of the company’s stock after selling 72 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Marriott International were worth $2,089,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Caprock Group LLC increased its stake in Marriott International by 255.1% in the fourth quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after acquiring an additional 8,463 shares during the last quarter. Parnassus Investments LLC lifted its position in Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock worth $554,164,000 after buying an additional 7,135 shares during the last quarter. Redwood Investment Management LLC grew its position in Marriott International by 208.3% during the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after acquiring an additional 18,192 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Marriott International by 3.5% during the fourth quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock worth $28,092,000 after acquiring an additional 4,247 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after purchasing an additional 20,890 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Susquehanna assumed coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. UBS Group lifted their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Argus increased their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Wells Fargo & Company lowered their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Finally, Robert W. Baird boosted their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $242.19.

Marriott International Price Performance

NASDAQ:MAR traded down $3.32 during mid-day trading on Wednesday, hitting $241.51. 1,530,612 shares of the company’s stock were exchanged, compared to its average volume of 1,424,750. The business has a fifty day moving average price of $237.12 and a 200 day moving average price of $238.81. Marriott International, Inc. has a one year low of $172.80 and a one year high of $260.57. The company has a market cap of $68.98 billion, a PE ratio of 24.92, a P/E/G ratio of 4.61 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.95 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Marriott International, Inc. will post 9.55 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio is currently 26.01%.

Marriott International 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.