Callan Family Office LLC Purchases Shares of 11,434 Marriott International, Inc. (NASDAQ:MAR)

Callan Family Office LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,434 shares of the company's stock, valued at approximately $3,189,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jensen Investment Management Inc. purchased a new position in shares of Marriott International in the third quarter worth $793,000. NewEdge Wealth LLC increased its stake in Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after buying an additional 1,112 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock worth $140,844,000 after purchasing an additional 2,723 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Marriott International during the third quarter valued at $2,721,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Marriott International in the fourth quarter worth about $2,990,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. 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 research note on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group raised their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Finally, Mizuho upped their price objective on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $286.45.

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Marriott International Stock Performance

MAR stock traded down $5.40 during mid-day trading on Monday, reaching $257.35. The company had a trading volume of 481,743 shares, compared to its average volume of 1,410,529. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The firm has a fifty day simple moving average of $281.57 and a 200 day simple moving average of $269.27.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is currently 30.29%.

Insider Activity

In other Marriott International 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 value of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares of the company's stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now 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 sold a total of 31,694 shares of company stock valued at $8,938,132 over the last 90 days. Insiders own 12.32% of the company's stock.

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.