Marriott International, Inc. (NASDAQ:MAR) Stake Raised by Advisory Alpha LLC

Advisory Alpha LLC boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,884 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Advisory Alpha LLC’s holdings in Marriott International were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after purchasing an additional 46,563 shares in the last quarter. National Pension Service lifted its holdings in shares of Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after buying an additional 74,832 shares during the period. Janus Henderson Group PLC boosted its stake in Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after buying an additional 47,551 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Marriott International by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after acquiring an additional 12,702 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $280.41 on Thursday. The stock has a market cap of $77.92 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 4.59 and a beta of 1.57. The business has a 50 day simple moving average of $282.19 and a 200 day simple moving average of $256.65. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly 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 net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 EPS. On average, analysts predict that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Analyst Ratings Changes

A number of analysts recently commented on MAR shares. Truist Financial boosted their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays increased their price objective on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Mizuho boosted their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Fourteen equities research 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, Marriott International currently has an average rating of “Hold” and a consensus target price of $272.15.

Insider Buying and Selling

In other Marriott International news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were 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 owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated 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 transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is currently owned by insiders.

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.