NewEdge Wealth LLC Acquires 1,112 Shares of Marriott International, Inc. (NASDAQ:MAR)

NewEdge Wealth LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,345 shares of the company's stock after acquiring an additional 1,112 shares during the quarter. NewEdge Wealth LLC's holdings in Marriott International were worth $1,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC increased its position in shares of Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company's stock valued at $94,000 after acquiring an additional 37 shares during the last quarter. TFG Advisers LLC grew its holdings in Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after purchasing an additional 37 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company's stock worth $2,162,000 after purchasing an additional 38 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Marriott International by 1.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after purchasing an additional 38 shares during the period. Finally, Evermay Wealth Management LLC grew its holdings in Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. Sanford C. Bernstein lifted their price target on Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Susquehanna boosted their price objective on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $284.05.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $2.73 during midday trading on Monday, reaching $277.72. The company's stock had a trading volume of 1,634,648 shares, compared to its average volume of 1,606,336. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The company has a market cap of $76.57 billion, a P/E ratio of 33.38, a P/E/G ratio of 3.42 and a beta of 1.57. The business's 50 day moving average price is $283.08 and its two-hundred day moving average price is $268.04.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International's dividend payout ratio is currently 30.29%.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction 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 in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the company's 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 transaction, the director now owns 4,551 shares of the company's stock, 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. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 over the last three months. Corporate 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.