First Horizon Advisors Inc. Has $77,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

First Horizon Advisors Inc. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 22.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276 shares of the company’s stock after purchasing an additional 51 shares during the quarter. First Horizon Advisors Inc.’s holdings in Marriott International were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MAR. Sound Income Strategies LLC boosted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at $33,000. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the 4th quarter valued at $33,000. Finally, ORG Partners LLC boosted its stake in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.8 %

NASDAQ:MAR opened at $277.21 on Friday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a market cap of $76.43 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.42 and a beta of 1.57. The stock has a 50-day moving average price of $283.27 and a two-hundred day moving average price of $266.49.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on MAR shares. Argus lifted their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lifted their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Susquehanna lifted their price objective on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Barclays cut their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.05.

Insider Buying and Selling at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 10.07% of the company’s stock.

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.