Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,785 shares of the company's stock after purchasing an additional 1,455 shares during the quarter. Motley Fool Asset Management LLC's holdings in Marriott International were worth $3,566,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MAR. World Investment Advisors grew its stake in Marriott International by 101.1% in the 4th quarter. World Investment Advisors now owns 6,392 shares of the company's stock worth $1,783,000 after acquiring an additional 3,213 shares in the last quarter. RFG Bristol Wealth Advisors LLC bought a new position in Marriott International in the fourth quarter worth approximately $467,000. Trexquant Investment LP purchased a new position in Marriott International during the 4th quarter worth $6,654,000. Geode Capital Management LLC lifted its holdings in shares of Marriott International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after buying an additional 60,458 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Marriott International by 28.7% during the 4th quarter. National Bank of Canada FI now owns 255,929 shares of the company's stock worth $71,391,000 after buying an additional 57,117 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho upped their price objective on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Jefferies Financial Group increased their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Truist Financial reduced their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Morgan Stanley lifted their price target on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Susquehanna upped 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $286.05.

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Marriott International Stock Performance

Shares of NASDAQ MAR traded down $10.04 during mid-day trading on Friday, hitting $214.58. The stock had a trading volume of 3,573,896 shares, compared to its average volume of 1,524,474. The company has a 50 day moving average of $267.40 and a two-hundred day moving average of $270.38. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market cap of $59.22 billion, a PE ratio of 25.79, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 116.67% and a net margin of 9.46%. Equities research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.17%. Marriott International's dividend payout ratio is presently 30.29%.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company's stock.

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.