Maridea Wealth Management LLC Invests $433,000 in Marriott International, Inc. (NASDAQ:MAR)

Maridea Wealth Management LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,553 shares of the company's stock, valued at approximately $433,000.

A number of other hedge funds have also recently made changes to their positions in the business. Hopwood Financial Services Inc. purchased a new position in Marriott International in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc grew 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 purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC increased its stake 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 buying an additional 89 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International during the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC bought a new stake in Marriott International in the 4th quarter worth $38,000. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MAR shares. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. The Goldman Sachs Group lifted their price objective on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Barclays decreased their target price on Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $286.05.

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Marriott International Price Performance

Marriott International stock traded up $0.04 during mid-day trading on Tuesday, reaching $238.24. The stock had a trading volume of 1,451,116 shares, compared to its average volume of 1,503,048. The company has a market capitalization of $65.68 billion, a price-to-earnings ratio of 28.63, a PEG 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. The company has a 50-day moving average price of $271.54 and a two-hundred day moving average price of $270.98.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results 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, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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 1.06%. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Insiders Place Their Bets

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction on Friday, February 21st. The stock was 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 owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.

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.