Enhancing Capital LLC Buys Shares of 2,000 Marriott International, Inc. (NASDAQ:MAR)

Enhancing Capital LLC acquired a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,000 shares of the company's stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Larson Financial Group LLC raised its holdings in Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company's stock worth $94,000 after acquiring an additional 37 shares during the period. TFG Advisers LLC raised 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 worth $1,235,000 after acquiring an additional 37 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Marriott International by 1.2% in the 4th 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 acquiring an additional 38 shares during the period. Evermay Wealth Management LLC raised its holdings in Marriott International by 1.1% in the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after acquiring an additional 38 shares during the period. Finally, Essex Financial Services Inc. increased its holdings 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 worth $838,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

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Insider Buying and Selling

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction that occurred 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 directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider William P. Brown sold 12,642 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 over the last ninety days. Insiders own 12.32% of the company's stock.

Marriott International Stock Down 3.0 %

NASDAQ:MAR traded down $7.35 on Friday, reaching $237.49. The stock had a trading volume of 4,300,925 shares, compared to its average volume of 1,423,562. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The company has a market capitalization of $65.47 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The stock has a fifty day moving average price of $275.53 and a 200-day moving average price of $269.81.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates 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 predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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 paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International's dividend payout ratio is presently 30.29%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MAR shares. Argus boosted their price objective 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. Barclays dropped their price objective on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Mizuho boosted their price objective on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Truist Financial dropped their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a report on Friday. Finally, UBS Group boosted their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $286.05.

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.