Visionary Wealth Advisors Has $394,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Visionary Wealth Advisors decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,413 shares of the company’s stock after selling 93 shares during the quarter. Visionary Wealth Advisors’ holdings in Marriott International were worth $394,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Marriott International by 0.8% during the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock worth $1,945,299,000 after buying an additional 56,978 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Marriott International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock valued at $1,398,321,000 after purchasing an additional 60,458 shares during the period. Capital International Investors lifted its stake in shares of Marriott International by 0.3% in the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock valued at $1,316,682,000 after purchasing an additional 15,923 shares during the period. Wellington Management Group LLP lifted its stake in shares of Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after purchasing an additional 512,963 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Morgan Stanley decreased their target price on Marriott International from $275.00 to $267.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Dbs Bank upgraded Marriott International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. Finally, Melius Research upgraded shares of Marriott International to a “strong-buy” rating in a report on Monday, April 21st. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and an average price target of $276.60.

Marriott International Stock Performance

NASDAQ:MAR opened at $267.34 on Wednesday. The stock’s 50-day simple moving average is $240.35 and its 200 day simple moving average is $266.89. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a market cap of $73.22 billion, a P/E ratio of 32.13, a P/E/G ratio of 3.42 and a beta of 1.39.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 EPS. As a group, equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, May 23rd. This is a positive change from Marriott International’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 1.00%. Marriott International’s payout ratio is currently 30.52%.

Insider Transactions at Marriott International

In related news, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares of the company’s stock, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,694 shares of company stock worth $9,208,342 in the last ninety days. Insiders own 10.68% of the company’s stock.

About Marriott International

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.