Flagship Wealth Advisors LLC Purchases New Holdings in Marriott International, Inc. (NASDAQ:MAR)

Flagship Wealth Advisors LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 189 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors have also recently bought and sold shares of MAR. Oppenheimer Asset Management Inc. grew its holdings in Marriott International by 12.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,122 shares of the company’s stock worth $528,000 after acquiring an additional 235 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Marriott International by 1.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,107 shares of the company’s stock worth $1,518,000 after acquiring an additional 95 shares during the period. Empowered Funds LLC grew its holdings in Marriott International by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock worth $928,000 after acquiring an additional 172 shares during the period. Pathstone Holdings LLC grew its holdings in Marriott International by 3.5% during the 3rd quarter. Pathstone Holdings LLC now owns 208,994 shares of the company’s stock worth $51,956,000 after acquiring an additional 7,122 shares during the period. Finally, Prospera Financial Services Inc boosted its position in shares of Marriott International by 151.8% during the third quarter. Prospera Financial Services Inc now owns 3,603 shares of the company’s stock worth $896,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Marriott International stock opened at $248.11 on Tuesday. The firm has a market capitalization of $68.40 billion, a PE ratio of 29.82, a P/E/G ratio of 3.42 and a beta of 1.58. The company’s 50-day moving average is $277.88 and its 200-day moving average is $270.08. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business 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 of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.02%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MAR shares. UBS Group lifted their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial lifted their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley boosted their price objective on shares of Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $286.45.

Insider Activity at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the company’s 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 approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company’s stock.

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.