Glenview Trust co Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Glenview Trust co purchased a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,733 shares of the company's stock, valued at approximately $762,000.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Wealth LLC grew its position in Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock valued at $1,212,000 after purchasing an additional 1,112 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Marriott International in the third quarter valued at $2,721,000. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International during the fourth quarter valued at about $2,990,000. Markel Group Inc. raised its holdings in shares of Marriott International by 30.6% in the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock worth $13,110,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Covea Finance lifted its position in Marriott International by 69.9% in the 4th quarter. Covea Finance now owns 60,540 shares of the company's stock valued at $16,887,000 after acquiring an additional 24,900 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction 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 approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by insiders.

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Marriott International Price Performance

Shares of MAR traded down $7.35 during midday trading on Friday, hitting $237.49. 4,300,810 shares of the company traded hands, compared to its average volume of 1,426,497. The stock has a 50-day moving average of $276.20 and a 200-day moving average of $269.79. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm has a market cap of $65.47 billion, a P/E ratio of 28.54, a PEG ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last posted 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%. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAR. Susquehanna increased their price objective on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Truist Financial lowered their price target on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Morgan Stanley raised 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. Finally, Stifel Nicolaus upped their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $286.05.

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.