Empirical Asset Management LLC Has $625,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Empirical Asset Management LLC lifted its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 114.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,241 shares of the company's stock after buying an additional 1,196 shares during the period. Empirical Asset Management LLC's holdings in Marriott International were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cypress Wealth Services LLC raised its position in shares of Marriott International by 2.7% during the fourth quarter. Cypress Wealth Services LLC now owns 9,017 shares of the company's stock worth $2,515,000 after purchasing an additional 237 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Marriott International by 0.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 25,211 shares of the company's stock worth $7,032,000 after acquiring an additional 72 shares in the last quarter. West Coast Financial LLC acquired a new stake in shares of Marriott International during the fourth quarter valued at approximately $221,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Marriott International by 52.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 13,817 shares of the company's stock valued at $3,854,000 after acquiring an additional 4,752 shares in the last quarter. Finally, Carolina Wealth Advisors LLC boosted its stake in Marriott International by 82.3% in the 4th quarter. Carolina Wealth Advisors LLC now owns 906 shares of the company's stock worth $253,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Transactions at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares of the company's stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 10.07% of the company's stock.

Marriott International Trading Up 0.4 %

Shares of Marriott International stock traded up $1.18 during mid-day trading on Friday, reaching $277.18. 1,800,667 shares of the stock were exchanged, compared to its average volume of 994,544. The company has a market cap of $77.03 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The firm has a 50-day simple moving average of $282.53 and a 200 day simple moving average of $256.02.

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 the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial increased their target price on Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Sanford C. Bernstein upped their target price on Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Jefferies Financial Group boosted their price objective 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, TD Cowen lowered their price target on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $272.15.

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.