Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,156 shares of the company’s stock after selling 4,044 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Marriott International were worth $8,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its holdings in Marriott International by 3.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 45,068 shares of the company’s stock valued at $12,571,000 after buying an additional 1,569 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Marriott International by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,258 shares of the company’s stock valued at $1,467,000 after purchasing an additional 136 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Marriott International by 31.4% in the 4th quarter. Proficio Capital Partners LLC now owns 1,293 shares of the company’s stock worth $361,000 after purchasing an additional 309 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in Marriott International by 41.2% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 108,947 shares of the company’s stock valued at $30,390,000 after purchasing an additional 31,803 shares during the period. Finally, Assetmark Inc. increased its position in shares of Marriott International by 275.0% in the fourth quarter. Assetmark Inc. now owns 225 shares of the company’s stock valued at $63,000 after buying an additional 165 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Up 0.1 %

Shares of MAR opened at $271.10 on Thursday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market capitalization of $74.74 billion, a P/E ratio of 32.58, a P/E/G ratio of 3.42 and a beta of 1.58. The firm has a 50-day moving average price of $282.47 and a 200 day moving average price of $268.41.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating 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%. Equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAR. Truist Financial increased their target price on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Argus lifted their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Stifel Nicolaus upped their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group increased their target price on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $286.45.

Insider Buying and Selling

In related news, insider William P. Brown sold 12,642 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is currently owned by insiders.

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.