Triangle Securities Wealth Management Has $637,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Triangle Securities Wealth Management lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund 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 (SEC).

Several other institutional investors also recently modified their holdings of MAR. Ameritas Advisory Services LLC grew its holdings in Marriott International by 229.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 3,129 shares of the company’s stock worth $873,000 after purchasing an additional 2,179 shares during the period. HB Wealth Management LLC lifted its position 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 buying an additional 1,001 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of Marriott International by 6.3% during 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 during the period. Sanibel Captiva Trust Company Inc. acquired a new position in shares of Marriott International during the 4th quarter worth approximately $427,000. Finally, InTrack Investment Management Inc lifted its holdings in Marriott International by 8.8% during 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is currently owned by company insiders.

Marriott International Stock Up 0.4 %

NASDAQ:MAR opened at $277.18 on Friday. The stock’s 50-day simple moving average is $282.53 and its 200 day simple moving average is $255.91. The firm has a market capitalization 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. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45.

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

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio is presently 26.36%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research reports. TD Cowen decreased their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Barclays increased their price target on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group lifted their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Stifel Nicolaus upped their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $272.15.

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.