Beck Bode LLC Acquires Shares of 52,071 Marriott International, Inc. (NASDAQ:MAR)

Beck Bode LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 52,071 shares of the company’s stock, valued at approximately $11,743,000. Marriott International comprises about 2.6% of Beck Bode LLC’s investment portfolio, making the stock its 5th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Marriott International in the 3rd quarter valued at about $25,000. ORG Partners LLC lifted its holdings in shares of Marriott International by 72.6% in the 4th 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 last quarter. Keener Financial Planning LLC bought a new position in shares of Marriott International in the 4th quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in Marriott International in the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Marriott International in the fourth quarter worth about $33,000. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 over the last three months. Corporate insiders own 10.07% of the company’s stock.

Marriott International Stock Down 1.8 %

MAR stock traded down $4.36 during trading on Tuesday, hitting $236.13. 1,861,979 shares of the company’s stock traded hands, compared to its average volume of 1,447,560. The firm has a market capitalization of $68.23 billion, a P/E ratio of 23.17, a PEG ratio of 5.37 and a beta of 1.62. The business has a fifty day simple moving average of $248.20 and a two-hundred day simple moving average of $228.04. Marriott International, Inc. has a 1 year low of $165.13 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.45. The company had revenue of $6.10 billion during 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%. Marriott International’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. On average, equities research analysts predict that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MAR shares. Truist Financial raised their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. UBS Group raised 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. Jefferies Financial Group raised their price objective on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Argus raised their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Barclays raised their target price on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average price target of $236.69.

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