Atala Financial Inc Acquires New Shares in Marriott International, Inc. (NASDAQ:MAR)

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

Other large investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc lifted its holdings in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after acquiring an additional 55 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International during the 4th quarter worth approximately $33,000. Finally, Darwin Wealth Management LLC purchased a new position in Marriott International in the 3rd quarter valued at approximately $33,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

NASDAQ MAR traded up $5.82 during mid-day trading on Friday, reaching $243.11. 1,414,003 shares of the stock were exchanged, compared to its average volume of 1,419,030. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The business's fifty day simple moving average is $278.37 and its 200 day simple moving average is $269.66. The stock has a market capitalization of $67.02 billion, a PE ratio of 29.22, a PEG ratio of 3.42 and a beta of 1.58.

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Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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

Analyst Ratings Changes

MAR has been the subject of several recent research reports. UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Truist Financial raised their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a research report on Wednesday, February 12th. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research note on Tuesday, November 26th. Finally, Susquehanna lifted their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Marriott International has an average rating of "Hold" and an average target price of $286.45.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 14,282 shares in the company, 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 a total of 31,694 shares of company stock worth $8,938,132 over the last quarter. 12.32% of the stock is owned by corporate insiders.

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.