Fiduciary Group LLC Has $4.53 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Fiduciary Group LLC lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,232 shares of the company’s stock after selling 189 shares during the period. Fiduciary Group LLC’s holdings in Marriott International were worth $4,528,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MAR. Hopwood Financial Services Inc. bought a new stake in Marriott International in the 4th quarter valued at about $25,000. Bell Investment Advisors Inc boosted its holdings in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC boosted its holdings 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 purchasing an additional 89 shares during the period. Darwin Wealth Management LLC acquired a new stake in Marriott International during the third quarter worth about $33,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at approximately $33,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 3.0 %

Shares of Marriott International stock opened at $247.62 on Thursday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The stock has a market cap of $68.27 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 3.42 and a beta of 1.58. The company’s fifty day moving average is $276.77 and its 200 day moving average is $269.96.

Marriott International (NASDAQ:MAR) last posted 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, equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Insider Transactions at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 over the last three months. 12.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Argus lifted their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley lifted their price target on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group lifted their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and an average target price of $286.45.

About Marriott International

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.