Moment Partners LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,100 shares of the company's stock, valued at approximately $307,000.
Other large investors have also modified their holdings of the company. Great Valley Advisor Group Inc. boosted its stake in Marriott International by 3.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,578 shares of the company's stock valued at $392,000 after buying an additional 53 shares in the last quarter. Swedbank AB grew its holdings in shares of Marriott International by 6.1% in the 3rd quarter. Swedbank AB now owns 63,386 shares of the company's stock worth $15,758,000 after purchasing an additional 3,635 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Marriott International by 10.8% during the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company's stock worth $94,000 after purchasing an additional 37 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Marriott International by 7.0% in the third quarter. Brown Brothers Harriman & Co. now owns 4,456 shares of the company's stock valued at $1,108,000 after buying an additional 291 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Marriott International by 3.9% during the third quarter. Private Trust Co. NA now owns 3,008 shares of the company's stock worth $748,000 after buying an additional 113 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MAR. Argus boosted their target price on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. UBS Group raised their target price on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Truist Financial lowered their price target on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a report on Friday, March 21st. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Marriott International currently has a consensus rating of "Hold" and a consensus target price of $286.05.
Check Out Our Latest Research Report on MAR
Marriott International Price Performance
Shares of NASDAQ MAR traded down $1.56 during midday trading on Monday, reaching $235.45. 458,883 shares of the stock were exchanged, compared to its average volume of 1,497,386. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The business has a 50-day simple moving average of $272.32 and a two-hundred day simple moving average of $270.93. The company has a market capitalization of $64.91 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 3.42 and a beta of 1.58.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) 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%. Equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.
Marriott International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is presently 30.29%.
Insiders Place Their Bets
In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction 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 in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % 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 worth $8,938,132. Corporate insiders own 12.32% of the company's stock.
About Marriott International
(
Free Report)
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.
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