Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Nilsine Partners LLC

Nilsine Partners LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,806 shares of the company's stock after purchasing an additional 896 shares during the period. Nilsine Partners LLC's holdings in Marriott International were worth $1,062,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Jensen Investment Management Inc. purchased a new position in shares of Marriott International during the 3rd quarter valued at approximately $793,000. BayBridge Capital Group LLC acquired a new stake in Marriott International during the 3rd quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock worth $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Marriott International during the 3rd quarter worth $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new position in shares of Marriott International during the 3rd quarter valued at about $3,769,000. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares of the company's stock, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 over the last three months. Insiders own 12.32% of the company's stock.

Marriott International Stock Down 0.7 %

NASDAQ:MAR traded down $1.95 on Friday, reaching $290.59. 1,293,099 shares of the company's stock were exchanged, compared to its average volume of 1,315,563. The firm has a market capitalization of $80.75 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 4.65 and a beta of 1.57. The business has a fifty day moving average of $283.06 and a 200-day moving average of $258.99. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the firm posted $2.11 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.87%. Marriott International's dividend payout ratio is currently 26.36%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MAR shares. Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Bank of America boosted their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Stifel Nicolaus boosted their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research report on Tuesday, November 26th. Mizuho boosted their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, Truist Financial boosted their price objective on shares of Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $272.15.

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.