Vontobel Holding Ltd. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,734 shares of the company's stock after buying an additional 2,661 shares during the period. Vontobel Holding Ltd.'s holdings in Marriott International were worth $6,620,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC boosted its stake in Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company's stock worth $94,000 after purchasing an additional 37 shares in the last quarter. TFG Advisers LLC boosted its stake in Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after purchasing an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company's stock worth $2,162,000 after purchasing an additional 38 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after purchasing an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its stake in Marriott International by 1.1% in the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 70.70% of the company's stock.
Marriott International Trading Down 0.3 %
Marriott International stock traded down $0.86 during midday trading on Wednesday, hitting $287.56. The stock had a trading volume of 1,339,849 shares, compared to its average volume of 1,565,408. The firm's fifty day moving average is $284.06 and its two-hundred day moving average is $263.97. The company has a market capitalization of $79.28 billion, a PE ratio of 34.56, a P/E/G ratio of 3.38 and a beta of 1.57. 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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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 will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is currently 30.29%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on MAR shares. TD Cowen lowered their target price on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Argus upped 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. UBS Group upped their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Truist Financial upped their target price on shares of Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Finally, Barclays lowered their target price on shares of 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $284.05.
View Our Latest Research Report on Marriott International
Insider Buying and Selling at Marriott International
In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.07% of the company's stock.
About Marriott International
(
Free Report)
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.
Recommended Stories
Before you consider Marriott International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marriott International wasn't on the list.
While Marriott International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
