23,854 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 23,854 shares of the company's stock, valued at approximately $6,654,000.

Several other hedge funds have also made changes to their positions in MAR. Hopwood Financial Services Inc. purchased a new stake in shares of Marriott International during the fourth quarter worth $25,000. Bell Investment Advisors Inc raised 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 valued at $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International during the 4th quarter worth about $33,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Marriott International in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Transactions at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction 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 directly 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. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last quarter. Company insiders own 12.32% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAR. Truist Financial cut their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Susquehanna upped their target price on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price objective on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Morgan Stanley lifted their target price on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $282.60.

Marriott International Stock Up 10.5 %

Shares of Marriott International stock traded up $22.27 on Wednesday, hitting $233.39. The company's stock had a trading volume of 4,482,236 shares, compared to its average volume of 1,557,229. The firm has a fifty day moving average price of $260.45 and a 200-day moving average price of $269.67. The company has a market capitalization of $64.41 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 annualized dividend and a dividend yield of 1.08%. Marriott International's payout ratio 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.