Clarus Wealth Advisors Makes New $940,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

Clarus Wealth Advisors purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,454 shares of the company's stock, valued at approximately $940,000.

A number of other institutional investors also recently bought and sold shares of MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Marriott International by 4.8% in the 3rd 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 during the period. National Pension Service boosted its stake in Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company's stock worth $178,896,000 after acquiring an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company's stock valued at $164,355,000 after purchasing an additional 33,149 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock valued at $152,399,000 after purchasing an additional 47,551 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of 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. 70.70% of the stock is owned by institutional investors.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 over the last quarter. 12.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of recent research reports. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Mizuho lifted their price target on Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Jefferies Financial Group upped their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Finally, Macquarie reissued a "neutral" rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $269.65.

Marriott International Stock Down 0.1 %

Shares of Marriott International stock traded down $0.38 during trading hours on Wednesday, reaching $276.05. 1,513,370 shares of the stock traded hands, compared to its average volume of 1,269,129. The company has a 50 day moving average price of $282.64 and a 200 day moving average price of $255.36. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The firm has a market capitalization of $76.71 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 5.47 and a beta of 1.57.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. Sell-side analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International's payout ratio is 26.36%.

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.