Apella Capital LLC Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Apella Capital LLC increased its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 131.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,100 shares of the company's stock after acquiring an additional 1,194 shares during the quarter. Apella Capital LLC's holdings in Marriott International were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Silvant Capital Management LLC bought a new stake in shares of Marriott International during the 3rd quarter valued at about $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International during the third quarter valued at approximately $33,000. ORG Partners LLC grew its stake in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after buying an additional 84 shares in the last quarter. Cyrus J. Lawrence LLC purchased a new stake in shares of Marriott International during the 2nd quarter valued at $36,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Marriott International during the 3rd quarter worth $40,000. Institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

NASDAQ:MAR traded down $0.05 during trading hours on Thursday, hitting $276.00. The company had a trading volume of 1,588,208 shares, compared to its average volume of 1,301,041. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45. The company has a market capitalization of $76.70 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. The stock has a 50-day moving average price of $282.64 and a 200 day moving average price of $255.51.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. Marriott International's quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International's dividend payout ratio is presently 26.36%.

Analyst Ratings Changes

MAR has been the topic of a number of research reports. Mizuho lifted their price target on Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Sanford C. Bernstein increased their target price on shares of 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 boosted their price target on shares of Marriott International from $254.00 to $277.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $272.15.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Felitia Lee sold 916 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock valued at $3,919,739 over the last ninety days. Company insiders own 10.07% of the company's stock.

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.