Nisa Investment Advisors LLC Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Nisa Investment Advisors LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,901 shares of the company’s stock after purchasing an additional 7,016 shares during the period. Nisa Investment Advisors LLC’s holdings in Marriott International were worth $30,377,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MAR. Simon Quick Advisors LLC boosted its holdings in Marriott International by 16.1% during the fourth quarter. Simon Quick Advisors LLC now owns 952 shares of the company’s stock worth $266,000 after buying an additional 132 shares in the last quarter. Aspire Private Capital LLC boosted its stake in shares of Marriott International by 7.2% during the 4th quarter. Aspire Private Capital LLC now owns 4,079 shares of the company’s stock worth $1,138,000 after acquiring an additional 274 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Marriott International by 14.0% in the 4th quarter. Atomi Financial Group Inc. now owns 2,016 shares of the company’s stock worth $562,000 after acquiring an additional 247 shares during the period. Segment Wealth Management LLC increased its stake in Marriott International by 0.4% in the 4th quarter. Segment Wealth Management LLC now owns 58,620 shares of the company’s stock valued at $16,351,000 after purchasing an additional 233 shares in the last quarter. Finally, Perpetual Ltd purchased a new stake in Marriott International during the fourth quarter worth $212,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a filing with the SEC, which is available 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 shares were 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. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,815 shares of company stock valued at $3,919,739. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $280.41 on Thursday. The stock has a 50-day simple moving average of $282.19 and a 200-day simple moving average of $256.65. The stock has a market capitalization of $77.92 billion, a P/E ratio of 29.33, a PEG ratio of 4.59 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company earned $2.11 EPS. Marriott International’s revenue was up 5.5% on a year-over-year basis. Analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on MAR shares. Robert W. Baird lifted their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lifted their price objective on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. BMO Capital Markets raised their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $272.15.

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.