ABC Arbitrage SA Acquires Shares of 1,051 Marriott International, Inc. (NASDAQ:MAR)

ABC Arbitrage SA purchased 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 purchased 1,051 shares of the company's stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its stake in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company's stock valued at $94,000 after buying an additional 37 shares in the last quarter. TFG Advisers LLC raised its position in shares of Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after acquiring an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company's stock valued at $2,162,000 after purchasing an additional 38 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Marriott International by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock valued at $918,000 after purchasing an additional 38 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its holdings in Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after purchasing an additional 38 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.3 %

MAR stock traded down $0.86 on Wednesday, reaching $287.56. 1,340,002 shares of the company's stock were exchanged, compared to its average volume of 1,565,408. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The stock has a fifty day moving average of $284.06 and a 200-day moving average of $263.97. The firm has a market cap of $79.28 billion, a PE ratio of 34.56, a P/E/G ratio of 3.38 and a beta of 1.57.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly 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 net margin of 9.46% and a negative return on equity of 116.67%. On average, equities research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International's dividend payout ratio is presently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares of the company's stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAR. Barclays dropped their target price on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. TD Cowen cut their target price on Marriott International from $295.00 to $283.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. BMO Capital Markets lifted 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, Truist Financial increased their price objective on Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.