Landscape Capital Management L.L.C. Invests $1.09 Million in Marriott International, Inc. (NASDAQ:MAR)

Landscape Capital Management L.L.C. purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,892 shares of the company's stock, valued at approximately $1,086,000.

A number of other hedge funds also recently modified their holdings of MAR. NewEdge Wealth LLC increased its holdings in shares of Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after buying an additional 1,112 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Marriott International in the 3rd quarter worth about $2,721,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Marriott International in the 4th quarter worth approximately $2,990,000. Markel Group Inc. raised its position 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 purchasing an additional 11,000 shares during the last quarter. Finally, Covea Finance grew its holdings in shares of Marriott International by 69.9% during the fourth quarter. Covea Finance now owns 60,540 shares of the company's stock valued at $16,887,000 after buying an additional 24,900 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

Marriott International Trading Up 1.0 %

MAR traded up $2.30 during trading on Friday, reaching $225.22. 2,013,785 shares of the company were exchanged, compared to its average volume of 1,568,203. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market cap of $62.15 billion, a P/E ratio of 27.07, a PEG ratio of 3.42 and a beta of 1.42. The firm has a 50 day moving average of $257.79 and a 200 day moving average of $269.36.

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Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 116.67% and a net margin of 9.46%. As a group, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. Marriott International's dividend payout ratio is presently 30.29%.

Insider Activity

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MAR shares. Morgan Stanley boosted their price objective 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. Argus boosted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Barclays decreased their price target on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Marriott International presently has an average rating of "Hold" and an average price target of $282.60.

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.