Concurrent Investment Advisors LLC Cuts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Concurrent Investment Advisors LLC lowered its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,690 shares of the company’s stock after selling 222 shares during the period. Concurrent Investment Advisors LLC’s holdings in Marriott International were worth $1,866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAR. Sound Income Strategies LLC lifted its position in 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 in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Marriott International in the 4th quarter valued at approximately $33,000. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new position in Marriott International in the 3rd quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC bought a new position in Marriott International in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAR. UBS Group upped their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Stifel Nicolaus increased their price target on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Jefferies Financial Group increased their price target on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $284.05.

Marriott International Stock Performance

Shares of MAR stock opened at $277.47 on Friday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a market capitalization of $76.50 billion, a PE ratio of 33.35, a PEG ratio of 3.42 and a beta of 1.57. The stock has a fifty day simple moving average of $283.73 and a two-hundred day simple moving average of $264.75.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results 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%. On average, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. Marriott International’s payout ratio is 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.