Aster Capital Management DIFC Ltd Has $871,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Aster Capital Management DIFC Ltd cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,123 shares of the company's stock after selling 1,799 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Marriott International were worth $871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Wealth LLC raised its position in shares of Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after purchasing an additional 1,112 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Marriott International during the 3rd quarter worth about $2,721,000. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International in the fourth quarter worth about $2,990,000. Markel Group Inc. increased its position in shares of Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock worth $13,110,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Covea Finance lifted its position in shares of Marriott International by 69.9% in the 4th quarter. Covea Finance now owns 60,540 shares of the company's stock valued at $16,887,000 after acquiring an additional 24,900 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Up 0.8 %

Marriott International stock traded up $1.69 during trading hours on Friday, reaching $224.61. 771,219 shares of the company were exchanged, compared to its average volume of 1,563,312. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market cap of $61.98 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 3.42 and a beta of 1.42. The stock has a 50-day moving average of $259.10 and a 200 day moving average of $269.50.

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Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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%. As a group, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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

Insider Activity

In related news, 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 sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the company's 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 transaction, the director now directly owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % 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.

Wall Street Analysts Forecast Growth

MAR has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Barclays reduced their price objective on Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on 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. UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Truist Financial dropped their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.