RFG Bristol Wealth Advisors LLC Acquires Shares of 1,674 Marriott International, Inc. (NASDAQ:MAR)

RFG Bristol Wealth Advisors LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,674 shares of the company's stock, valued at approximately $467,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc raised its holdings in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC lifted its position in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after acquiring an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the fourth quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Marriott International during the fourth quarter valued at approximately $38,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAR has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Mizuho lifted their target price on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Susquehanna raised their price objective on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their target price on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Finally, Barclays dropped their price target on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $286.05.

Insider Activity at Marriott International

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was 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 directly owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International 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 transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

Shares of MAR traded down $10.04 during midday trading on Friday, hitting $214.58. 3,573,896 shares of the stock traded hands, compared to its average volume of 1,524,474. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The business's 50 day moving average price is $267.40 and its two-hundred day moving average price is $270.62. The firm has a market capitalization of $59.22 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 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%. As a group, equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is 30.29%.

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.