Franklin Street Advisors Inc. NC Has $17.74 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Franklin Street Advisors Inc. NC cut its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,642 shares of the company’s stock after selling 2,680 shares during the period. Marriott International accounts for 1.5% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 26th largest holding. Franklin Street Advisors Inc. NC’s holdings in Marriott International were worth $17,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its stake in Marriott International by 2.4% in the 1st quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock valued at $2,450,000 after acquiring an additional 330 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Marriott International by 5.8% during the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock worth $605,000 after buying an additional 189 shares during the last quarter. Synovus Financial Corp lifted its position in Marriott International by 13.3% during the first quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock worth $682,000 after acquiring an additional 455 shares during the last quarter. Sei Investments Co. grew its position in shares of Marriott International by 12.1% in the first quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock valued at $7,708,000 after purchasing an additional 4,685 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Marriott International by 64.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock valued at $4,816,000 after purchasing an additional 10,790 shares during the period. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Down 0.5 %

Shares of MAR stock opened at $252.31 on Friday. The stock has a 50-day moving average of $245.80 and a 200-day moving average of $219.55. The stock 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. Marriott International, Inc. has a 1-year low of $160.15 and a 1-year high of $256.53.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the firm posted $1.96 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast 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. Investors of record on Thursday, February 22nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis 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 currently 20.41%.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MAR. Truist Financial increased their target price on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Jefferies Financial Group boosted their price target on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo & Company boosted their target price on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets increased their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $236.81.

Marriott International Company 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.