Atria Wealth Solutions Inc. Reduces Position in Marriott International, Inc. (NASDAQ:MAR)

Atria Wealth Solutions Inc. lowered its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,352 shares of the company’s stock after selling 225 shares during the period. Atria Wealth Solutions Inc.’s holdings in Marriott International were worth $2,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MAR. CIBC Asset Management Inc lifted its position in Marriott International by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 83,893 shares of the company’s stock worth $23,401,000 after acquiring an additional 1,929 shares during the period. Human Investing LLC purchased a new position in shares of Marriott International in the fourth quarter worth about $82,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Marriott International by 2.0% during the fourth quarter. Catalyst Capital Advisors LLC now owns 4,731 shares of the company’s stock worth $1,320,000 after purchasing an additional 95 shares during the period. WBH Advisory Inc. acquired a new position in Marriott International in the 4th quarter worth approximately $231,000. Finally, Monument Capital Management raised its position in Marriott International by 5.2% during the 4th quarter. Monument Capital Management now owns 853 shares of the company’s stock worth $238,000 after buying an additional 42 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 3.4 %

MAR stock opened at $277.47 on Friday. The stock has a market capitalization of $76.50 billion, a P/E ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a 50-day simple moving average of $283.73 and a 200-day simple moving average of $264.75.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 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%. On average, analysts expect 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. Stockholders 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 dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Truist Financial boosted their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Robert W. Baird raised their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Barclays decreased their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average price target of $284.05.

About Marriott International

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.