Ghe LLC Raises Holdings in Marriott International, Inc. (NASDAQ:MAR)

Ghe LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,586 shares of the company’s stock after acquiring an additional 56 shares during the quarter. Ghe LLC’s holdings in Marriott International were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MAR. OFI Invest Asset Management purchased a new stake in Marriott International in the 3rd quarter worth approximately $25,000. ORG Partners LLC lifted its holdings in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the period. Keener Financial Planning LLC purchased a new stake in Marriott International in the 4th quarter worth approximately $30,000. Anchor Investment Management LLC purchased a new stake in Marriott International in the 4th quarter worth approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Marriott International in the 4th quarter worth approximately $33,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

MAR stock traded up $4.37 on Wednesday, reaching $244.06. 2,300,880 shares of the company traded hands, compared to its average volume of 1,453,199. Marriott International, Inc. has a one year low of $162.77 and a one year high of $260.57. The company has a market cap of $70.53 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62. The firm has a fifty day simple moving average of $248.35 and a 200-day simple moving average of $226.60.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the business posted $1.96 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.85%. Marriott International’s dividend payout ratio is 20.41%.

Analyst Upgrades and Downgrades

MAR has been the subject of several research analyst reports. Barclays increased their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Jefferies Financial Group increased their target price on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. BMO Capital Markets increased their target price on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Truist Financial increased their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $236.69.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at approximately $8,841,063.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the sale, the director now directly owns 1,472 shares of the company’s stock, valued at $349,452.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,003 shares of company stock worth $30,435,493. Insiders own 10.07% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.