Oak Thistle LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 660.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,159 shares of the company's stock after acquiring an additional 5,349 shares during the quarter. Oak Thistle LLC's holdings in Marriott International were worth $1,718,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company's stock valued at $254,613,000 after purchasing an additional 46,563 shares during the period. National Pension Service raised its holdings in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company's stock worth $178,896,000 after purchasing an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company's stock valued at $164,355,000 after buying an additional 33,149 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock worth $152,399,000 after buying an additional 47,551 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position 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 valued at $140,844,000 after acquiring an additional 2,723 shares during the period. Institutional investors own 70.70% of the company's stock.
Marriott International Price Performance
Shares of NASDAQ:MAR traded down $0.38 during midday trading on Wednesday, hitting $276.05. The company had a trading volume of 1,513,361 shares, compared to its average volume of 1,267,844. The company has a market cap of $76.71 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 5.47 and a beta of 1.57. The company has a fifty day moving average of $282.64 and a two-hundred day moving average of $255.36. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $2.11 EPS. Research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.
Marriott International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International's payout ratio is 26.36%.
Analyst Ratings Changes
A number of equities analysts have weighed in on MAR shares. Truist Financial raised their target price on shares of Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. TD Cowen reduced their price objective on Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus raised their price target on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Macquarie reissued a "neutral" rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $269.65.
View Our Latest Research Report on MAR
Insider Buying and Selling
In other news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares of the company's stock, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares of the company's stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 12.32% of the company's stock.
Marriott International Profile
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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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