Quantessence Capital LLC Invests $358,000 in Marriott International, Inc. (NASDAQ:MAR)

Quantessence Capital LLC bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,284 shares of the company's stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in Marriott International during the fourth quarter worth $25,000. Bernard Wealth Management Corp. bought a new position in shares of Marriott International in the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc boosted its position in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC grew its holdings in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the fourth quarter worth $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Down 0.0 %

NASDAQ:MAR traded down $0.06 during trading hours on Friday, hitting $236.20. 1,989,799 shares of the stock were exchanged, compared to its average volume of 1,576,614. The company's 50 day moving average is $244.16 and its two-hundred day moving average is $267.37. The company has a market capitalization of $65.18 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating 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, equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.07%. Marriott International's dividend payout ratio is 30.29%.

Analysts Set New Price Targets

MAR has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $245.00 target price (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Susquehanna upped their price target on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Barclays lowered their price objective on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Morgan Stanley reduced their price target on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday. Fourteen analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $273.10.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was 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 of the company's stock, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last quarter. Company insiders own 10.68% of the company's stock.

About Marriott International

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.