Blodgett Wealth Advisors LLC Sells 250 Shares of Marriott International, Inc. (NASDAQ:MAR)

Blodgett Wealth Advisors LLC decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,136 shares of the company’s stock after selling 250 shares during the period. Blodgett Wealth Advisors LLC’s holdings in Marriott International were worth $256,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. ORG Partners LLC lifted its stake in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. Keener Financial Planning LLC purchased a new position in shares of Marriott International in the fourth quarter worth about $30,000. OFI Invest Asset Management purchased a new position in shares of Marriott International in the third quarter worth about $25,000. Anchor Investment Management LLC purchased a new position in shares of Marriott International in the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Marriott International in the fourth quarter worth about $33,000. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares in the company, valued at approximately $8,841,063.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Marriott International news, insider Deborah Marriott Harrison sold 37,300 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $241.46, for a total value of $9,006,458.00. Following the completion of the sale, the insider now owns 9,100 shares in the company, valued at approximately $2,197,286. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,003 shares of company stock worth $30,435,493. Insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of MAR traded down $1.10 during mid-day trading on Friday, reaching $240.84. The company had a trading volume of 1,065,478 shares, compared to its average volume of 1,445,392. The firm has a 50-day moving average price of $248.36 and a 200 day moving average price of $227.03. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57. The company has a market capitalization of $69.60 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 5.44 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 EPS. As a group, research analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a yield of 0.86%. Marriott International’s dividend payout ratio is presently 20.41%.

Analyst Ratings Changes

Several research firms have recently commented on MAR. UBS Group lifted their price objective on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Mizuho reduced their price target on Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday. Robert W. Baird reduced their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. BMO Capital Markets boosted their price target on Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Finally, Argus boosted their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $236.69.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.