Arkadios Wealth Advisors Sells 172 Shares of Marriott International, Inc. (NASDAQ:MAR)

Arkadios Wealth Advisors trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,306 shares of the company’s stock after selling 172 shares during the period. Arkadios Wealth Advisors’ holdings in Marriott International were worth $325,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. BDF Gestion bought a new stake in shares of Marriott International during the 2nd quarter worth $3,013,000. CWM LLC boosted its holdings in shares of Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares during the period. BayBridge Capital Group LLC bought a new stake in shares of Marriott International during the 3rd quarter worth $1,254,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Marriott International during the 2nd quarter worth $3,844,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Marriott International by 1.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock worth $9,611,000 after buying an additional 753 shares during the period. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Up 0.1 %

Shares of Marriott International stock opened at $264.26 on Thursday. The stock has a market capitalization of $74.40 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 6.36 and a beta of 1.59. The company has a 50-day simple moving average of $245.71 and a 200 day simple moving average of $238.94. Marriott International, Inc. has a 12-month low of $180.75 and a 12-month high of $266.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm earned $2.26 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio is currently 25.20%.

Analysts Set New Price Targets

MAR has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and upped their target price for the company from $247.00 to $262.00 in a research note on Thursday, August 29th. Truist Financial cut their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $256.39.

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.