Logan Capital Management Inc. Sells 515 Shares of Marriott International, Inc. (NASDAQ:MAR)

Logan Capital Management Inc. decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,070 shares of the company’s stock after selling 515 shares during the quarter. Logan Capital Management Inc.’s holdings in Marriott International were worth $12,014,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in Marriott International during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. purchased a new stake in Marriott International during the 4th quarter valued at about $25,000. Bell Investment Advisors Inc boosted its stake in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Marriott International during the fourth quarter worth about $33,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Down 0.5%

Shares of MAR stock opened at $257.97 on Monday. The stock has a 50-day simple moving average of $237.89 and a 200 day simple moving average of $266.44. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The stock has a market capitalization of $70.66 billion, a P/E ratio of 31.01, a P/E/G ratio of 3.42 and a beta of 1.39.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 28.70%.

Insider Transactions at Marriott International

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 value of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company’s stock, 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. In the last three months, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 10.68% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird boosted their price objective on Marriott International from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Truist Financial dropped their target price on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research report on Friday, March 21st. UBS Group increased their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Melius Research raised shares of Marriott International to a “strong-buy” rating in a research note on Monday, April 21st. Fourteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus target price of $272.75.

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.