Carson Advisory Inc. Has $300,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Carson Advisory Inc. lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 59.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,075 shares of the company’s stock after selling 1,572 shares during the quarter. Carson Advisory Inc.’s holdings in Marriott International were worth $300,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MAR. MML Investors Services LLC lifted its position in shares of Marriott International by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 19,570 shares of the company’s stock worth $4,865,000 after buying an additional 351 shares during the period. Invst LLC boosted its stake in shares of Marriott International by 3.1% in the 3rd quarter. Invst LLC now owns 8,258 shares of the company’s stock valued at $2,053,000 after purchasing an additional 252 shares in the last quarter. Diamant Asset Management Inc. bought a new stake in shares of Marriott International in the 3rd quarter worth about $373,000. Sanctuary Advisors LLC lifted its holdings in Marriott International by 5.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 36,251 shares of the company’s stock valued at $9,012,000 after purchasing an additional 1,974 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Marriott International during the third quarter worth about $1,260,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 1.0 %

Shares of MAR opened at $225.22 on Friday. The stock has a market capitalization of $62.15 billion, a P/E ratio of 27.07, a PEG ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a fifty day simple moving average of $257.79 and a two-hundred day simple moving average of $269.36.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 EPS 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%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. Marriott International’s payout ratio is presently 30.29%.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction 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 sale, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. The trade was 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 valued at $8,938,132 in the last quarter. 12.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MAR. UBS Group upped 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. Truist Financial reduced their target price on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company decreased their target price 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. Barclays dropped their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Argus raised their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $282.60.

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.