Wintrust Investments LLC Decreases Stake in Marriott International, Inc. (NASDAQ:MAR)

Wintrust Investments LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 26.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 916 shares of the company’s stock after selling 328 shares during the period. Wintrust Investments LLC’s holdings in Marriott International were worth $255,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Tredje AP fonden acquired a new position in shares of Marriott International during the 4th quarter valued at $15,537,000. Rakuten Securities Inc. increased its holdings in Marriott International by 20.4% in the fourth quarter. Rakuten Securities Inc. now owns 466 shares of the company’s stock valued at $130,000 after buying an additional 79 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of Marriott International by 0.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,278 shares of the company’s stock valued at $2,309,000 after buying an additional 57 shares during the last quarter. Essential Planning LLC. bought a new stake in Marriott International in the 4th quarter valued at about $5,471,000. Finally, Hopwood Financial Services Inc. bought a new position in Marriott International in the 4th quarter valued at about $25,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 1.0 %

Shares of MAR opened at $243.81 on Thursday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market cap of $67.22 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 3.42 and a beta of 1.58. The business has a 50-day simple moving average of $279.75 and a two-hundred day simple moving average of $269.47.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Insider Activity

In other news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MAR shares. Jefferies Financial Group lifted their price target on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. 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. Truist Financial boosted their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group increased their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $286.45.

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.