859 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired 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 (SEC). The institutional investor acquired 859 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors have also modified their holdings of MAR. Sound Income Strategies LLC grew its holdings in Marriott International by 494.4% during the 4th 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 last quarter. Silvant Capital Management LLC purchased a new position in shares of Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International during the third quarter valued at approximately $33,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International during the 4th quarter worth approximately $33,000. Finally, ORG Partners LLC boosted its holdings in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares during the period. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAR shares. Macquarie reiterated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group raised their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein boosted their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Truist Financial raised their price objective on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a 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.com, the company has a consensus rating of “Hold” and an average target price of $284.05.

Insiders Place Their Bets

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 shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. 10.07% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

MAR stock opened at $282.16 on Thursday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm has a market cap of $77.79 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 3.42 and a beta of 1.57. The firm has a 50-day simple moving average of $283.31 and a two-hundred day simple moving average of $266.41.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Marriott International 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.