GenTrust LLC Has $3.16 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

GenTrust LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 38.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,020 shares of the company’s stock after selling 8,610 shares during the quarter. GenTrust LLC’s holdings in Marriott International were worth $3,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Marriott International during the 3rd quarter valued at $25,000. Resurgent Financial Advisors LLC bought a new position in shares of Marriott International during the fourth quarter valued at about $25,000. ICA Group Wealth Management LLC purchased a new stake in Marriott International in the 4th quarter valued at about $28,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Marriott International in the 4th quarter worth approximately $28,000. Finally, Anchor Investment Management LLC bought a new position in shares of Marriott International in the fourth quarter valued at approximately $31,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of MAR opened at $252.31 on Friday. Marriott International, Inc. has a fifty-two week low of $160.15 and a fifty-two week high of $256.53. The firm has a market cap of $75.34 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.84 and a beta of 1.62. The firm has a 50 day moving average price of $245.80 and a 200-day moving average price of $219.55.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. As a group, equities research analysts predict that Marriott International, Inc. will post 9.47 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, February 21st. Marriott International’s dividend payout ratio is 20.41%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MAR shares. BMO Capital Markets boosted their price objective on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Truist Financial boosted their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Mizuho started coverage on shares of Marriott International in a research report on Tuesday. They issued a “neutral” rating and a $263.00 price objective on the stock. Barclays raised their price target on shares of Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Finally, Argus upped their price target on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $236.81.

Insider Activity at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the transaction, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now directly owns 24,478 shares in the company, valued at approximately $6,166,742.54. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 in the last three months. 12.32% of the stock is owned by insiders.

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