216,277 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Family Office Research LLC

Family Office Research LLC bought 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 13F filing with the Securities and Exchange Commission. The institutional investor bought 216,277 shares of the company's stock, valued at approximately $60,328,000. Marriott International accounts for 26.5% of Family Office Research LLC's portfolio, making the stock its largest holding. Family Office Research LLC owned approximately 0.08% of Marriott International as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new stake in Marriott International in the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. bought a new position in Marriott International during the fourth quarter valued at $25,000. Bell Investment Advisors Inc raised its holdings in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Marriott International in the fourth quarter valued at approximately $33,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Mizuho lifted their target price on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Stifel Nicolaus decreased their price target on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their price target on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $277.00.

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Insider Activity

In other Marriott International news, 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 transaction of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.

Marriott International Stock Performance

Marriott International stock traded down $0.89 on Wednesday, reaching $221.69. The company's stock had a trading volume of 495,396 shares, compared to its average volume of 1,563,073. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The business's fifty day moving average price is $254.81 and its 200 day moving average price is $268.96. The company has a market cap of $61.18 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's payout ratio is presently 30.29%.

Marriott International 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.