Townsquare Capital LLC Has $3.85 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Townsquare Capital LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 86.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,790 shares of the company's stock after purchasing an additional 6,397 shares during the quarter. Townsquare Capital LLC's holdings in Marriott International were worth $3,847,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Invst LLC lifted its position in shares of Marriott International by 3.1% in the third quarter. Invst LLC now owns 8,258 shares of the company's stock worth $2,053,000 after buying an additional 252 shares in the last quarter. Diamant Asset Management Inc. bought a new position in Marriott International in the 3rd quarter valued at $373,000. Wilmington Savings Fund Society FSB bought a new position in Marriott International in the 3rd quarter worth about $1,260,000. Optimist Retirement Group LLC grew its position in shares of Marriott International by 7.7% during the 3rd quarter. Optimist Retirement Group LLC now owns 894 shares of the company's stock worth $222,000 after buying an additional 64 shares in the last quarter. Finally, Tidal Investments LLC increased its position in Marriott International by 86.8% during the 3rd quarter. Tidal Investments LLC now owns 16,375 shares of the company's stock valued at $4,071,000 after purchasing an additional 7,607 shares during the period. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAR. Barclays dropped their target price on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Truist Financial lowered their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group cut their price target on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. UBS Group lifted 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. Finally, Wells Fargo & Company decreased their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $277.00.

Marriott International Stock Up 0.7 %

Marriott International stock traded up $1.62 on Friday, hitting $220.41. The company's stock had a trading volume of 1,523,436 shares, compared to its average volume of 1,564,767. The firm has a market cap of $60.82 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a fifty day moving average price of $251.42 and a 200-day moving average price of $268.42.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 116.67% and a net margin of 9.46%. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.14%. Marriott International's payout ratio is currently 30.29%.

Insider Buying and Selling

In related news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company's stock.

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.