Sequoia Financial Advisors LLC Buys 956 Shares of Marriott International, Inc. (NASDAQ:MAR)

Sequoia Financial Advisors LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,009 shares of the company’s stock after acquiring an additional 956 shares during the period. Sequoia Financial Advisors LLC’s holdings in Marriott International were worth $3,350,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. NewEdge Wealth LLC increased its position in Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock worth $1,212,000 after buying an additional 1,112 shares during the period. Oddo BHF Asset Management Sas bought a new position in Marriott International in the 3rd quarter worth approximately $2,721,000. Union Bancaire Privee UBP SA bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $2,990,000. Kinsale Capital Group Inc. bought a new stake in shares of Marriott International during the third quarter valued at approximately $3,769,000. Finally, Covea Finance increased its position in shares of Marriott International by 69.9% during the fourth quarter. Covea Finance now owns 60,540 shares of the company’s stock valued at $16,887,000 after purchasing an additional 24,900 shares during the period. 70.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company’s stock.

Marriott International Stock Down 2.7 %

Shares of MAR stock opened at $237.29 on Friday. The stock has a 50-day moving average price of $279.01 and a 200 day moving average price of $269.24. The firm has a market cap of $65.42 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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 predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Analysts Set New Price Targets

MAR has been the topic of a number of research reports. Truist Financial boosted their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. UBS Group boosted their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Finally, Susquehanna boosted their price target on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $286.45.

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.