Motley Fool Asset Management LLC Has $1.82 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Motley Fool Asset Management LLC raised its position in Marriott International, Inc. (NASDAQ:MAR) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,088 shares of the company’s stock after purchasing an additional 286 shares during the period. Motley Fool Asset Management LLC’s holdings in Marriott International were worth $1,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust grew its stake in Marriott International by 3.4% in the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after buying an additional 43 shares in the last quarter. Argus Investors Counsel Inc. raised its position in Marriott International by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after purchasing an additional 45 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Marriott International by 2.8% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after purchasing an additional 45 shares during the period. ORG Partners LLC increased its position in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares during the period. Finally, Chicago Capital LLC increased its position in shares of Marriott International by 1.2% in the third quarter. Chicago Capital LLC now owns 4,597 shares of the company’s stock valued at $904,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In related news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares in the company, valued at $6,166,742.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at $18,085.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the sale, the insider now directly owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last 90 days. 12.32% of the stock is owned by insiders.

Marriott International Stock Down 0.5 %

Shares of Marriott International stock traded down $1.10 on Friday, reaching $240.84. The stock had a trading volume of 1,065,478 shares, compared to its average volume of 1,445,392. The company has a 50 day moving average price of $248.36 and a 200 day moving average price of $227.03. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57. The stock has a market capitalization of $69.60 billion, a P/E ratio of 23.63, a P/E/G ratio of 5.44 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. On average, analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a yield of 0.86%. Marriott International’s payout ratio is currently 20.41%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MAR shares. Jefferies Financial Group boosted their price objective on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Robert W. Baird dropped their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. UBS Group boosted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Barclays boosted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Finally, Truist Financial upped their target price on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $236.69.

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.