Burney Co. Decreases Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Burney Co. cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 8.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,178 shares of the company’s stock after selling 576 shares during the period. Burney Co.’s holdings in Marriott International were worth $1,723,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after purchasing an additional 37 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after buying an additional 38 shares in the last quarter. Haverford Trust Co raised its stake in shares of Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after buying an additional 40 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Marriott International by 2.6% in the 3rd 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. Finally, Rosenberg Matthew Hamilton increased its holdings in Marriott International by 3.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,443 shares of the company’s stock valued at $359,000 after acquiring an additional 51 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAR shares. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Stifel Nicolaus raised their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Jefferies Financial Group upped their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Truist Financial lifted their price objective on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird raised their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $272.15.

Marriott International Trading Down 0.0 %

Shares of MAR opened at $276.00 on Friday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The firm has a market capitalization of $76.70 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. The stock’s fifty day simple moving average is $282.64 and its 200 day simple moving average is $255.51.

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

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

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.