Centurion Wealth Management LLC Reduces Holdings in Marriott International, Inc. (NASDAQ:MAR)

Centurion Wealth Management LLC lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,363 shares of the company’s stock after selling 100 shares during the period. Centurion Wealth Management LLC’s holdings in Marriott International were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MAR. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc increased its stake in Marriott International by 112.2% in the fourth 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 increased its stake in Marriott International by 494.4% in the fourth 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 purchased a new stake in shares of Marriott International in the third quarter valued at about $33,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Marriott International in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MAR. Truist Financial boosted their price objective on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company cut their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. 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, Mizuho raised their target price on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $286.45.

Marriott International Stock Performance

NASDAQ MAR opened at $243.11 on Friday. The stock has a market cap of $67.02 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The business has a 50 day simple moving average of $278.37 and a 200 day simple moving average of $269.66.

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

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is currently 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.