Sigma Planning Corp Has $1.84 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Sigma Planning Corp reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 9.5% in the 4th quarter, Holdings Channel reports. The fund owned 6,602 shares of the company’s stock after selling 689 shares during the quarter. Sigma Planning Corp’s holdings in Marriott International were worth $1,842,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MAR. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International during the fourth quarter worth about $33,000. Silvant Capital Management LLC bought a new position in shares of Marriott International during the third quarter worth about $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Marriott International during the 4th quarter worth approximately $38,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MAR. The Goldman Sachs Group lifted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Susquehanna raised their price objective on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Stifel Nicolaus raised their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Mizuho raised their price target on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note 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, the stock presently has an average rating of “Hold” and a consensus price target of $284.05.

Marriott International Stock Performance

Shares of MAR stock opened at $277.47 on Monday. The company has a market capitalization of $76.50 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 3.42 and a beta of 1.57. The company has a 50-day simple moving average of $283.73 and a 200 day simple moving average of $265.45. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

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

Marriott International Announces Dividend

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

Marriott International 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.