OFI Invest Asset Management Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

OFI Invest Asset Management bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 172 shares of the company’s stock, valued at approximately $46,000.

A number of other large investors also recently bought and sold shares of the business. Sound Income Strategies LLC grew its position in shares of 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. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the third quarter valued at about $33,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at about $33,000. ORG Partners LLC grew its position in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Down 2.1 %

MAR opened at $257.22 on Tuesday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a fifty day simple moving average of $281.11 and a 200-day simple moving average of $269.50. The firm has a market cap of $70.91 billion, a P/E ratio of 30.92, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MAR shares. Morgan Stanley lifted their target price on shares of Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Truist Financial raised their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Barclays dropped their price target on 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. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $286.45.

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.