Centurion Wealth Management LLC Sells 100 Shares of Marriott International, Inc. (NASDAQ:MAR)

Centurion Wealth Management LLC lowered its stake in Marriott International, Inc. (NASDAQ:MAR) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,363 shares of the company’s stock after selling 100 shares during the quarter. Centurion Wealth Management LLC’s holdings in Marriott International were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Larson Financial Group LLC increased its stake in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares during the period. TFG Advisers LLC increased its position in Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after acquiring an additional 37 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Marriott International by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock worth $918,000 after buying an additional 38 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in shares of Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock worth $953,000 after acquiring an additional 38 shares during the period. Finally, Essex Financial Services Inc. boosted its stake in shares of Marriott International by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock worth $838,000 after acquiring an additional 39 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In related news, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 over the last three months. Corporate insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

MAR has been the subject of a number of research reports. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. UBS Group raised their price objective on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Mizuho raised their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Susquehanna increased their target price on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Barclays lowered their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $286.45.

Marriott International Trading Up 2.5 %

Shares of Marriott International stock opened at $243.11 on Friday. The company has a fifty day moving average price of $278.37 and a 200 day moving average price of $269.66. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The stock has a market cap of $67.02 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

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.