RFG Bristol Wealth Advisors LLC Acquires New Position in Marriott International, Inc. (NASDAQ:MAR)

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

Other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in shares of Marriott International in the 4th quarter worth about $25,000. Bell Investment Advisors Inc grew its holdings in Marriott International by 112.2% in 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 increased 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 valued at $30,000 after buying an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Marriott International during the fourth quarter valued at $33,000. Finally, ORG Partners LLC lifted its position in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after acquiring an additional 84 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAR. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Argus boosted their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Morgan Stanley raised their price target on Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Finally, UBS Group boosted their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $286.05.

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Marriott International Price Performance

Shares of MAR stock traded down $10.04 during trading hours on Friday, hitting $214.58. The stock had a trading volume of 3,573,896 shares, compared to its average volume of 1,523,553. The stock has a market capitalization of $59.22 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.42 and a beta of 1.42. The stock's 50-day moving average price is $267.40 and its two-hundred day moving average price is $270.38. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates 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 predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Insider Activity

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the business'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 transaction of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is currently owned by insiders.

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.