SteelPeak Wealth LLC Purchases 5,002 Shares of Marriott International, Inc. (NASDAQ:MAR)

SteelPeak Wealth LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 138.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,623 shares of the company's stock after acquiring an additional 5,002 shares during the quarter. SteelPeak Wealth LLC's holdings in Marriott International were worth $2,405,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in Marriott International by 7.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,139 shares of the company's stock valued at $3,418,000 after purchasing an additional 1,028 shares during the period. Sunbelt Securities Inc. lifted its stake in Marriott International by 75.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 301 shares of the company's stock worth $73,000 after acquiring an additional 129 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Marriott International by 16.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,138 shares of the company's stock worth $1,484,000 after acquiring an additional 853 shares during the period. Advisory Alpha LLC increased its holdings in shares of Marriott International by 5.7% in the 2nd quarter. Advisory Alpha LLC now owns 2,366 shares of the company's stock valued at $572,000 after purchasing an additional 127 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Marriott International in the second quarter worth approximately $119,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company's stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company's stock, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 over the last quarter. Corporate insiders own 12.32% of the company's stock.

Marriott International Price Performance

Shares of NASDAQ MAR traded up $2.88 during mid-day trading on Thursday, hitting $292.54. The company had a trading volume of 1,030,498 shares, compared to its average volume of 1,438,980. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The firm has a market cap of $81.29 billion, a P/E ratio of 30.60, a PEG ratio of 4.64 and a beta of 1.57. The business's 50-day simple moving average is $282.75 and its 200-day simple moving average is $258.45.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.11 EPS. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The firm also recently announced 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 was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.86%. Marriott International's dividend payout ratio (DPR) is currently 26.36%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Truist Financial boosted their target price on Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Bank of America raised their price target on Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. TD Cowen dropped their price objective on Marriott International from $295.00 to $283.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their target price on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International currently has an average rating of "Hold" and a consensus target price of $272.15.

Marriott International 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.