Daymark Wealth Partners LLC Has $400,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Daymark Wealth Partners LLC reduced its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 16.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,433 shares of the company’s stock after selling 288 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Marriott International were worth $400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silvant Capital Management LLC bought a new position in Marriott International in the third quarter valued at $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the 3rd quarter valued at about $33,000. ORG Partners LLC raised its holdings in 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. Kathleen S. Wright Associates Inc. bought a new position in Marriott International in the third quarter valued at approximately $40,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Marriott International during the 2nd quarter worth approximately $41,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,815 shares of company stock valued at $3,919,739. Corporate insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $285.07 on Friday. The business has a fifty day moving average price of $282.07 and a two-hundred day moving average price of $256.82. The stock has a market capitalization of $79.22 billion, a PE ratio of 29.82, a P/E/G ratio of 4.59 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the company earned $2.11 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. Marriott International’s payout ratio is 26.36%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial boosted their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Robert W. Baird lifted their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Evercore ISI boosted their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $272.15.

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, City Express by Marriott, and St.