Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 660.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,159 shares of the company’s stock after purchasing an additional 5,349 shares during the period. Oak Thistle LLC’s holdings in Marriott International were worth $1,718,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MAR. Accurate Wealth Management LLC boosted its holdings in Marriott International by 3.4% in the fourth quarter. Accurate Wealth Management LLC now owns 3,615 shares of the company’s stock worth $979,000 after purchasing an additional 118 shares during the period. Mayfair Advisory Group LLC acquired a new position in shares of Marriott International in the 4th quarter valued at about $208,000. Ignite Planners LLC bought a new stake in shares of Marriott International during the 4th quarter valued at about $214,000. BCS Wealth Management bought a new position in Marriott International in the fourth quarter worth about $793,000. Finally, PFW Advisors LLC acquired a new position in Marriott International in the fourth quarter valued at approximately $378,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Up 1.5 %

Shares of NASDAQ MAR opened at $276.43 on Wednesday. The firm has a 50-day moving average of $282.64 and a two-hundred day moving average of $255.36. The company has a market capitalization of $76.82 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 5.47 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 issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.11 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

MAR has been the topic of several recent research reports. Truist Financial raised their price target on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Mizuho lifted their price objective on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Macquarie reiterated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $269.65.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is owned by corporate insiders.

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.