Capco Asset Management LLC Has $70.54 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Capco Asset Management LLC reduced its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 252,876 shares of the company's stock after selling 3,823 shares during the period. Marriott International makes up about 15.9% of Capco Asset Management LLC's investment portfolio, making the stock its 2nd biggest position. Capco Asset Management LLC owned approximately 0.09% of Marriott International worth $70,537,000 at the end of the most recent quarter.

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

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business'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 owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last three months. Corporate insiders own 12.32% of the company's stock.

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Marriott International Trading Up 0.7 %

Marriott International stock traded up $1.70 during midday trading on Tuesday, reaching $244.62. The company's stock had a trading volume of 412,993 shares, compared to its average volume of 1,425,926. The business has a 50-day moving average price of $274.94 and a 200-day moving average price of $270.47. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market cap of $67.44 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly 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 negative return on equity of 116.67% and a net margin of 9.46%. As a group, research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analyst Weigh In

MAR has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Susquehanna raised their price objective on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Truist Financial dropped their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a report on Friday. The Goldman Sachs Group boosted 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. Finally, Argus increased their price objective on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $286.05.

Marriott International 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.