Atala Financial Inc Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Atala Financial Inc bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,788 shares of the company's stock, valued at approximately $3,846,000. Marriott International accounts for approximately 2.7% of Atala Financial Inc's portfolio, making the stock its 9th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in Marriott International by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock valued at $412,167,000 after acquiring an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Marriott International by 4.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company's stock worth $254,613,000 after buying an additional 46,563 shares in the last quarter. Janus Henderson Group PLC increased its position in Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock worth $152,399,000 after buying an additional 47,551 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Marriott International in the fourth quarter worth about $165,162,000. Finally, PNC Financial Services Group Inc. increased its position in Marriott International by 3.0% in the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company's stock worth $110,156,000 after buying an additional 12,702 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Insider Activity

In other news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Down 2.7 %

MAR opened at $237.29 on Friday. The stock's fifty day moving average is $279.01 and its two-hundred day moving average is $269.24. The company has a market capitalization of $65.42 billion, a P/E ratio of 28.52, a PEG 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.

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Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data 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%. Equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. Marriott International's dividend payout ratio is presently 30.29%.

Analyst Ratings Changes

MAR has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their price target on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Stifel Nicolaus upped their price target on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Wells Fargo & Company cut their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Truist Financial increased their target price on Marriott International from $277.00 to $308.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Marriott International presently has a consensus rating of "Hold" and an average price target of $286.45.

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.

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