Sagespring Wealth Partners LLC Invests $811,000 in Marriott International, Inc. (NASDAQ:MAR)

Sagespring Wealth Partners LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,907 shares of the company's stock, valued at approximately $811,000.

Several other hedge funds also recently made changes to their positions in the company. Lansdowne Partners UK LLP increased its holdings in shares of Marriott International by 23.6% in the 4th quarter. Lansdowne Partners UK LLP now owns 10,402 shares of the company's stock valued at $2,902,000 after acquiring an additional 1,985 shares during the period. Optimize Financial Inc purchased a new stake in shares of Marriott International in the fourth quarter valued at about $646,000. Townsquare Capital LLC grew its holdings in shares of Marriott International by 86.5% during the fourth quarter. Townsquare Capital LLC now owns 13,790 shares of the company's stock worth $3,847,000 after buying an additional 6,397 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Marriott International by 16.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 38,873 shares of the company's stock valued at $10,834,000 after acquiring an additional 5,447 shares during the period. Finally, Heritage Trust Co purchased a new stake in Marriott International during the 4th quarter valued at approximately $1,405,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Up 0.7 %

Shares of MAR traded up $1.62 during trading hours on Friday, reaching $220.41. 1,523,436 shares of the company traded hands, compared to its average volume of 1,564,767. The stock has a fifty day simple moving average of $251.42 and a 200 day simple moving average of $268.42. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The stock has a market capitalization of $60.82 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed 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. 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 1.14%. Marriott International's payout ratio is 30.29%.

Insider Activity at Marriott International

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 shares were sold at an average price of $277.48, for a total transaction 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. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MAR shares. Jefferies Financial Group dropped their target price on Marriott International from $295.00 to $226.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus decreased their target price on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday. UBS Group increased 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. Barclays decreased their price objective on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $277.00.

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.