Hennion & Walsh Asset Management Inc. Increases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Hennion & Walsh Asset Management Inc. lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 52.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,817 shares of the company’s stock after buying an additional 4,752 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Marriott International were worth $3,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MAR. Larson Financial Group LLC increased its position in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after buying an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after acquiring an additional 38 shares during the period. Haverford Trust Co increased its holdings in Marriott International by 1.0% in the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after acquiring an additional 40 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Marriott International by 2.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock worth $500,000 after acquiring an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Marriott International by 3.7% in the third quarter. Rosenberg Matthew Hamilton now owns 1,443 shares of the company’s stock worth $359,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Activity

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, 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. Insiders sold 13,815 shares of company stock worth $3,919,739 over the last three months. Insiders own 10.07% of the company’s stock.

Marriott International Stock Down 0.0 %

Shares of Marriott International stock opened at $276.00 on Friday. The firm has a market cap of $76.70 billion, a PE ratio of 28.87, a P/E/G ratio of 4.48 and a beta of 1.57. The business has a 50-day moving average price of $282.64 and a 200 day moving average price of $255.51. 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 earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) 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 analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $2.11 EPS. On average, sell-side analysts expect that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The firm 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 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%.

Wall Street Analyst Weigh In

MAR has been the topic of a number of analyst reports. Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Truist Financial lifted their target price on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Mizuho upped their price target on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein lifted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $272.15.

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.