Greykasell Wealth Strategies Inc. purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,629 shares of the company's stock, valued at approximately $1,012,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Hopwood Financial Services Inc. acquired a new stake in Marriott International during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc boosted its holdings in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International during the fourth quarter valued at approximately $33,000. Finally, Darwin Wealth Management LLC acquired a new stake in Marriott International during the third quarter valued at approximately $33,000. 70.70% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Susquehanna boosted their target price on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Argus boosted their target price on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $286.45.
Read Our Latest Report on MAR
Marriott International Price Performance
Shares of Marriott International stock traded up $7.23 on Wednesday, hitting $247.62. 1,373,473 shares of the company's stock traded hands, compared to its average volume of 1,417,027. The firm's 50-day moving average price is $277.29 and its two-hundred day moving average price is $270.12. The stock has a market capitalization of $68.27 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.
Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 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%. On average, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.
Marriott International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.
Insider Activity at Marriott International
In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the 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 completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last quarter. Corporate insiders own 12.32% of the company's stock.
About Marriott International
(
Free Report)
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.
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