Private Advisor Group LLC Sells 131 Shares of Marriott International, Inc. (NASDAQ:MAR)

Private Advisor Group LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,254 shares of the company’s stock after selling 131 shares during the period. Private Advisor Group LLC’s holdings in Marriott International were worth $5,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Allspring Global Investments Holdings LLC raised its stake in shares of Marriott International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock valued at $3,690,000 after acquiring an additional 274 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Marriott International by 2.6% in the third quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock valued at $500,000 after acquiring an additional 51 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after acquiring an additional 300,543 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Marriott International by 63.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 9,065 shares of the company’s stock valued at $2,254,000 after acquiring an additional 3,523 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Marriott International by 1,621.4% in the third quarter. Assenagon Asset Management S.A. now owns 86,328 shares of the company’s stock valued at $21,461,000 after purchasing an additional 81,313 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MAR shares. Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Jefferies Financial Group raised their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, UBS Group lifted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $284.05.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $277.47 on Friday. The company’s 50-day moving average price is $283.73 and its two-hundred day moving average price is $265.10. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a market capitalization of $76.50 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

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.