Abundance Wealth Counselors Sells 60 Shares of Marriott International, Inc. (NASDAQ:MAR)

Abundance Wealth Counselors lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,481 shares of the company’s stock after selling 60 shares during the quarter. Abundance Wealth Counselors’ holdings in Marriott International were worth $1,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. Northwestern Mutual Wealth Management Co. raised its holdings in Marriott International by 7.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,139 shares of the company’s stock worth $3,418,000 after acquiring an additional 1,028 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Marriott International by 75.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 301 shares of the company’s stock worth $73,000 after buying an additional 129 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Marriott International in the 2nd quarter worth about $8,255,000. Czech National Bank boosted its holdings in shares of Marriott International by 4.1% during the 3rd quarter. Czech National Bank now owns 47,599 shares of the company’s stock valued at $11,833,000 after acquiring an additional 1,879 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Marriott International by 13.0% during the third quarter. SG Americas Securities LLC now owns 94,971 shares of the company’s stock valued at $23,610,000 after purchasing an additional 10,898 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 in the last three months. Company insiders own 12.32% of the company’s stock.

Marriott International Price Performance

NASDAQ:MAR opened at $290.59 on Friday. The company has a market cap of $80.75 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 4.65 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The stock’s 50 day simple moving average is $283.06 and its two-hundred day simple moving average is $258.99.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.11 earnings per share. As a group, analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

Analyst Ratings Changes

A number of equities research analysts have commented on MAR shares. Jefferies Financial Group lifted their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Wells Fargo & Company upped their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Finally, Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average price target of $272.15.

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.