Financial Advisors LLC Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Financial Advisors LLC bought a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 732 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds also recently made changes to their positions in MAR. Ameritas Advisory Services LLC increased its holdings in Marriott International by 229.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 3,129 shares of the company’s stock valued at $873,000 after purchasing an additional 2,179 shares during the period. HB Wealth Management LLC grew its position in shares of Marriott International by 19.1% in the 4th quarter. HB Wealth Management LLC now owns 6,252 shares of the company’s stock worth $1,744,000 after buying an additional 1,001 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of Marriott International by 6.3% during the fourth quarter. Trust Co. of Vermont now owns 3,152 shares of the company’s stock valued at $879,000 after buying an additional 186 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new stake in Marriott International in the fourth quarter worth $427,000. Finally, InTrack Investment Management Inc increased its position in Marriott International by 8.8% during the 4th quarter. InTrack Investment Management Inc now owns 1,126 shares of the company’s stock valued at $311,000 after purchasing an additional 91 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 0.4 %

MAR opened at $277.18 on Friday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45. The firm’s 50 day simple moving average is $282.53 and its two-hundred day simple moving average is $255.91. The company has a market capitalization of $77.03 billion, a PE ratio of 28.99, a PEG ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during 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 firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $2.11 EPS. Equities analysts forecast that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The stock was 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 directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on MAR. BMO Capital Markets lifted their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price objective on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. 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, Truist Financial boosted their price objective on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $272.15.

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.