Atala Financial Inc Invests $3.85 Million in Marriott International, Inc. (NASDAQ:MAR)

Atala Financial Inc bought a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,788 shares of the company's stock, valued at approximately $3,846,000. Marriott International makes up about 2.7% of Atala Financial Inc's portfolio, making the stock its 9th largest holding.

Several other institutional investors also recently bought and sold shares of MAR. Raymond James Financial Inc. acquired a new position in Marriott International during the fourth quarter valued at $165,162,000. PointState Capital LP purchased a new stake in shares of Marriott International during the third quarter worth about $98,249,000. Proficio Capital Partners LLC increased its stake in shares of Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock worth $100,636,000 after purchasing an additional 359,795 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company's stock worth $106,339,000 after purchasing an additional 294,898 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in Marriott International by 35,705.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company's stock valued at $71,681,000 after acquiring an additional 241,011 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 2.5 %

MAR stock traded up $5.82 during midday trading on Friday, hitting $243.11. The stock had a trading volume of 1,414,003 shares, compared to its average volume of 1,419,030. The firm has a market capitalization of $67.02 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a 50-day simple moving average of $278.37 and a 200 day simple moving average of $269.37.

Remove Ads

Marriott International (NASDAQ:MAR - Get Free Report) last issued its 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%. On average, equities analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.04%. Marriott International's dividend payout ratio is currently 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report 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 target price on the stock in a research report on Tuesday, February 4th. Morgan Stanley increased their price target on shares of Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company decreased their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price target 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. Thirteen 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 presently has a consensus rating of "Hold" and a consensus target price of $286.45.

Insiders Place Their Bets

In related news, insider William P. Brown sold 12,642 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares of the company's stock, valued at $7,089,714.45. The trade was a 12.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 over the last three months. 12.32% of the stock is currently owned by corporate insiders.

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.