Congress Wealth Management LLC DE Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Congress Wealth Management LLC DE boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,652 shares of the company’s stock after purchasing an additional 839 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Marriott International were worth $1,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Marriott International by 10.8% during the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares in the last quarter. TFG Advisers LLC grew its holdings in shares of Marriott International by 0.8% in the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after purchasing an additional 37 shares in 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 purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC lifted its position in Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares during the last quarter. Finally, Essex Financial Services Inc. grew its stake in shares of Marriott International by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock worth $838,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International 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 transaction of $3,610,934.46. Following the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last 90 days. 12.32% of the stock is owned by corporate insiders.

Marriott International Price Performance

NASDAQ:MAR opened at $244.45 on Friday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The company has a 50-day moving average of $273.13 and a 200 day moving average of $270.25. The firm has a market cap of $67.39 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data 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%. Sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.03%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Analysts Set New Price Targets

MAR has been the subject of a number of analyst reports. Barclays lowered their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group increased their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Argus raised their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average target price of $286.05.

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.