Cypress Wealth Services LLC Grows Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Cypress Wealth Services LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,017 shares of the company’s stock after acquiring an additional 237 shares during the quarter. Cypress Wealth Services LLC’s holdings in Marriott International were worth $2,515,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Marriott International by 8.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock valued at $8,765,000 after purchasing an additional 2,711 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Marriott International by 3.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,405 shares of the company’s stock worth $5,165,000 after purchasing an additional 845 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Marriott International by 30.2% in the second quarter. Blair William & Co. IL now owns 34,756 shares of the company’s stock worth $8,403,000 after buying an additional 8,066 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in Marriott International during the second quarter valued at approximately $2,063,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAR has been the topic of several recent research reports. Argus upped their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Evercore ISI boosted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. BMO Capital Markets increased their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus price target of $272.15.

Marriott International Trading Down 0.0 %

NASDAQ MAR opened at $276.00 on Friday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The company’s 50-day moving average price is $282.64 and its 200-day moving average price is $255.51. The stock has a market cap of $76.70 billion, a PE ratio of 28.87, a PEG ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $2.11 earnings per share. As a group, sell-side analysts forecast that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

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

Insider Activity

In related news, EVP Benjamin T. Breland sold 500 shares of Marriott International 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 transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,815 shares of company stock worth $3,919,739. Company insiders own 10.07% of the company’s stock.

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.