Dynamic Technology Lab Private Ltd acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,961 shares of the company's stock, valued at approximately $1,941,000.
Other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc boosted its stake in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC grew its stake in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after buying an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the fourth quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International in the 4th quarter valued at $38,000. 70.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on MAR shares. Truist Financial dropped their price target on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company lowered their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research note on Tuesday, February 4th. Argus increased their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, Barclays lowered their price objective on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Marriott International presently has an average rating of "Hold" and an average target price of $282.60.
Check Out Our Latest Analysis on MAR
Insider Buying and Selling
In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, 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 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 dated 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 directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,694 shares of company stock valued at $8,938,132. Corporate insiders own 12.32% of the company's stock.
Marriott International Trading Down 4.0 %
Shares of Marriott International stock traded down $9.42 during trading hours on Thursday, reaching $223.97. The stock had a trading volume of 1,293,855 shares, compared to its average volume of 1,556,475. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market capitalization of $61.81 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 3.42 and a beta of 1.42. The firm has a 50 day simple moving average of $260.45 and a two-hundred day simple moving average of $269.67.
Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) 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%. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.
Marriott International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.13%. Marriott International's payout ratio is currently 30.29%.
About Marriott International
(
Free Report)
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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