Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,496 shares of the company’s stock after selling 315 shares during the period. Stratos Wealth Partners LTD.’s holdings in Marriott International were worth $9,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in shares of 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 acquiring an additional 89 shares during the period. Silvant Capital Management LLC acquired a new position in Marriott International in the third quarter valued at $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International during the third quarter worth about $33,000. Heck Capital Advisors LLC purchased a new position in shares of Marriott International during the fourth quarter worth about $38,000. Finally, ORG Partners LLC raised its stake in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,399 shares of company stock valued at $3,529,238 over the last three months. 10.07% of the stock is currently owned by insiders.

Marriott International Trading Up 0.6 %

NASDAQ:MAR opened at $292.39 on Thursday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The company has a market capitalization of $81.25 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. The firm has a 50-day moving average price of $283.16 and a two-hundred day moving average price of $259.75.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 earnings per share. On average, equities research analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent research reports. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. TD Cowen cut their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. 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 report on Tuesday, December 10th. Finally, Truist Financial increased their target price on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $276.35.

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.