Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 63.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,983 shares of the company’s stock after selling 15,283 shares during the period. Cresset Asset Management LLC’s holdings in Marriott International were worth $2,506,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares of the company’s stock, valued at $7,089,714.45. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated 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 owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 10.68% of the company’s stock.

Analyst Ratings Changes

MAR has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Wells Fargo & Company decreased 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 report on Tuesday, February 18th. Stifel Nicolaus dropped their target price on Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets lifted their price target on Marriott International from $250.00 to $265.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Truist Financial cut their price objective on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday, March 21st. Fourteen investment 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. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $272.75.

Marriott International Stock Down 0.5 %

Marriott International stock opened at $257.97 on Friday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company’s fifty day simple moving average is $237.89 and its 200-day simple moving average is $266.34. The stock has a market cap 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. On average, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, February 27th. Marriott International’s payout ratio is presently 28.70%.

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.