Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,421 shares of the company’s stock after purchasing an additional 254 shares during the period. Oppenheimer & Co. Inc.’s holdings in Marriott International were worth $3,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MAR. Sound Income Strategies LLC raised its position in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at $33,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International during the 3rd quarter worth about $33,000. Finally, Heck Capital Advisors LLC purchased a new position in Marriott International during the 4th quarter valued at about $38,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last 90 days. Company insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $280.45 on Friday. The firm has a fifty day moving average price of $283.20 and a 200 day moving average price of $267.30. The stock has a market cap of $77.32 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Analyst Ratings Changes

Several analysts have recently issued reports on MAR shares. Macquarie reissued a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Barclays decreased their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. TD Cowen decreased their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $284.05.

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.