AXQ Capital LP Makes New $304,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

AXQ Capital LP bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,089 shares of the company's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International during the 4th quarter valued at $25,000. Bell Investment Advisors Inc boosted its stake in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in Marriott International in the 4th quarter valued at approximately $33,000. Finally, ORG Partners LLC boosted its position in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after buying an additional 84 shares during the period. Institutional investors own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Barclays cut their target price on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Morgan Stanley increased their price target on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Mizuho increased their target price on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Marriott International presently has an average rating of "Hold" and an average target price of $286.05.

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Marriott International Stock Performance

Shares of Marriott International stock traded up $2.71 during trading hours on Tuesday, reaching $245.63. The company's stock had a trading volume of 698,269 shares, compared to its average volume of 1,425,926. The company has a market capitalization of $67.72 billion, a P/E ratio of 29.52, a P/E/G ratio of 3.42 and a beta of 1.58. The stock's fifty day simple moving average is $274.94 and its two-hundred day simple moving average is $270.47. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 116.67% and a net margin of 9.46%. As a group, research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. Marriott International's dividend payout ratio is currently 30.29%.

Insider Transactions at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, 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 have sold 31,694 shares of company stock worth $8,938,132 in the last 90 days. Insiders own 12.32% of the company's stock.

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.