Edgestream Partners L.P. Increases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Edgestream Partners L.P. grew its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 441.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,270 shares of the company's stock after buying an additional 27,129 shares during the quarter. Marriott International makes up 0.4% of Edgestream Partners L.P.'s portfolio, making the stock its 19th largest position. Edgestream Partners L.P.'s holdings in Marriott International were worth $9,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC grew its position in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company's stock valued at $94,000 after purchasing an additional 37 shares in the last quarter. TFG Advisers LLC boosted its holdings in Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock valued at $1,235,000 after purchasing an additional 37 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Marriott International by 1.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after purchasing an additional 38 shares during the period. Evermay Wealth Management LLC grew its position in Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after buying an additional 38 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its position in shares of Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock valued at $838,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. UBS Group raised their target price on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Argus raised their price objective on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. The Goldman Sachs Group increased their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Truist Financial upped their price objective on Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $286.45.

Insider Transactions at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the 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 in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders 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 1.3 %

Shares of NASDAQ MAR traded down $3.35 during trading hours on Monday, reaching $259.40. The stock had a trading volume of 564,377 shares, compared to its average volume of 1,410,820. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The business's fifty day moving average price is $281.57 and its two-hundred day moving average price is $269.27.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results 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%. Equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.97%. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

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.