AdvisorShares Investments LLC Sells 510 Shares of Marriott International, Inc. (NASDAQ:MAR)

AdvisorShares Investments LLC trimmed its position in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,842 shares of the company’s stock after selling 510 shares during the period. AdvisorShares Investments LLC’s holdings in Marriott International were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Marriott International by 16.1% in the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares during the period. Morgan Stanley boosted its stake in Marriott International by 1.4% during the third quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after buying an additional 63,411 shares during the period. Jennison Associates LLC boosted its stake in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after buying an additional 1,173,028 shares during the period. Capital International Investors boosted its stake in Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after buying an additional 934,304 shares during the period. Finally, Invesco Ltd. boosted its stake in Marriott International by 1.8% during the third quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock valued at $537,529,000 after buying an additional 48,872 shares during the period. 70.70% of the stock is owned by institutional investors.

Marriott International Price Performance

Shares of NASDAQ:MAR traded down $0.93 during midday trading on Friday, hitting $231.10. The company had a trading volume of 2,723,430 shares, compared to its average volume of 1,178,131. The company has a fifty day moving average of $239.70 and a two-hundred day moving average of $235.53. Marriott International, Inc. has a 12-month low of $170.03 and a 12-month high of $260.57. The company has a market cap of $66.01 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 4.38 and a beta of 1.60.

Marriott International (NASDAQ:MARGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same period last year, the company earned $2.09 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts expect that Marriott International, Inc. will post 9.53 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a yield of 1.09%. Marriott International’s dividend payout ratio is 26.01%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAR. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Barclays raised their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Truist Financial raised their price target on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. BMO Capital Markets raised their price target on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $241.33.

View Our Latest Research Report on MAR

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.32% of the stock is owned by company insiders.

Marriott International Profile

(Free Report)

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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