Kovitz Investment Group Partners LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,973 shares of the company's stock after acquiring an additional 3,750 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Marriott International were worth $12,266,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MAR. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International in the 4th quarter valued at $25,000. Bernard Wealth Management Corp. bought a new position in shares of Marriott International in the 4th quarter worth about $25,000. Bell Investment Advisors Inc increased its holdings in 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 purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after buying an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 70.70% of the company's stock.
Marriott International Stock Performance
NASDAQ MAR traded up $2.74 during trading on Tuesday, hitting $239.67. 2,255,105 shares of the company's stock traded hands, compared to its average volume of 1,586,210. The stock has a market capitalization of $66.14 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.42 and a beta of 1.42. The business has a 50 day moving average of $243.15 and a 200-day moving average of $267.28. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month 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 earnings per share 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 expect that Marriott International, Inc. will post 10.1 EPS for the current year.
Marriott International Dividend Announcement
The company 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. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. Marriott International's dividend payout ratio (DPR) is currently 30.29%.
Analyst Ratings Changes
A number of research firms have commented on MAR. Susquehanna raised their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Morgan Stanley dropped their price target on Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus cut their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Fourteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $273.10.
View Our Latest Stock Report on Marriott International
Insider Buying and Selling
In related news, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 10.68% 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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