NEOS Investment Management LLC Buys 5,423 Shares of Marriott International, Inc. (NASDAQ:MAR)

NEOS Investment Management LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,781 shares of the company's stock after purchasing an additional 5,423 shares during the quarter. NEOS Investment Management LLC's holdings in Marriott International were worth $8,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MAR. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International during the 4th quarter valued at about $25,000. Bell Investment Advisors Inc boosted its holdings in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after buying an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the 4th quarter valued at $33,000. Finally, ORG Partners LLC raised its stake in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after acquiring an additional 84 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Down 0.9 %

Shares of NASDAQ:MAR traded down $2.02 during trading on Monday, hitting $234.99. 494,608 shares of the company's stock traded hands, compared to its average volume of 1,707,757. The company has a 50-day moving average price of $272.32 and a 200-day moving average price of $270.93. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company has a market cap of $64.78 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

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Marriott International (NASDAQ:MAR - Get Free Report) last issued 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 net margin of 9.46% and a negative return on equity of 116.67%. On average, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared 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. 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 dividend payout ratio (DPR) is currently 30.29%.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction on 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 transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, 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 can be accessed through the SEC website. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 over the last ninety days. Insiders own 12.32% of the company's stock.

Analyst Upgrades and Downgrades

MAR has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective 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. Barclays dropped their price target 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. Morgan Stanley boosted their price objective on Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. UBS Group lifted their price target on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Argus increased their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $286.05.

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.