Daymark Wealth Partners LLC Has $400,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Daymark Wealth Partners LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,433 shares of the company’s stock after selling 288 shares during the period. Daymark Wealth Partners LLC’s holdings in Marriott International were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in shares of Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after acquiring an additional 37 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares during the period. Haverford Trust Co raised its stake in Marriott International by 1.0% during the third quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after buying an additional 40 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Marriott International by 2.6% during the third quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock valued at $500,000 after acquiring an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Marriott International by 3.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,443 shares of the company’s stock valued at $359,000 after purchasing an additional 51 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein lifted their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Barclays increased their target price on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Mizuho lifted their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Evercore ISI increased their price objective on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus upped their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $272.15.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is owned by company insiders.

Marriott International Stock Up 1.7 %

Marriott International stock opened at $285.07 on Friday. The stock has a market cap of $79.22 billion, a P/E ratio of 29.82, a P/E/G ratio of 4.59 and a beta of 1.57. The company’s 50 day moving average price is $282.07 and its two-hundred day moving average price is $256.82. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 EPS. On average, equities analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

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.