Triangle Securities Wealth Management Sells 106 Shares of Marriott International, Inc. (NASDAQ:MAR)

Triangle Securities Wealth Management reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,285 shares of the company’s stock after selling 106 shares during the period. Triangle Securities Wealth Management’s holdings in Marriott International were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC boosted its position in Marriott International by 229.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,129 shares of the company’s stock valued at $873,000 after buying an additional 2,179 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Marriott International by 19.1% in the fourth quarter. HB Wealth Management LLC now owns 6,252 shares of the company’s stock valued at $1,744,000 after acquiring an additional 1,001 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Marriott International by 6.3% in the 4th quarter. Trust Co. of Vermont now owns 3,152 shares of the company’s stock worth $879,000 after acquiring an additional 186 shares in the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in Marriott International during the 4th quarter valued at $427,000. Finally, InTrack Investment Management Inc raised its position in Marriott International by 8.8% in the 4th quarter. InTrack Investment Management Inc now owns 1,126 shares of the company’s stock valued at $311,000 after purchasing an additional 91 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock worth $3,919,739 over the last ninety days. Company insiders own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America raised their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Robert W. Baird raised their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Mizuho increased 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. Jefferies Financial Group boosted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group increased their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $272.15.

Marriott International Stock Performance

MAR opened at $277.18 on Friday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The firm has a market cap of $77.03 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. The firm’s fifty day moving average is $282.53 and its two-hundred day moving average is $255.91.

Marriott International (NASDAQ:MAR) last posted its earnings results 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

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, City Express by Marriott, and St.