Avalon Trust Co Purchases New Shares in Marriott International, Inc. (NASDAQ:MAR)

Avalon Trust Co bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 172 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also recently modified their holdings of MAR. National Bank of Canada FI increased its stake in shares of Marriott International by 72.2% during the fourth quarter. National Bank of Canada FI now owns 240,675 shares of the company’s stock worth $53,388,000 after purchasing an additional 100,883 shares in the last quarter. TCG Advisory Services LLC purchased a new stake in Marriott International during the 4th quarter worth approximately $4,177,000. Forte Capital LLC ADV lifted its position in shares of Marriott International by 16.8% in the fourth quarter. Forte Capital LLC ADV now owns 1,602 shares of the company’s stock valued at $361,000 after acquiring an additional 230 shares in the last quarter. First National Trust Co acquired a new stake in shares of Marriott International in the fourth quarter worth approximately $211,000. Finally, Legacy Financial Advisors Inc. raised its stake in Marriott International by 6.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,456 shares of the company’s stock valued at $328,000 after purchasing an additional 87 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s 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 owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the sale, the director now directly owns 1,472 shares of the company’s stock, valued at approximately $349,452.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International 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 of the company’s stock, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock valued at $30,435,493 in the last 90 days. Company insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR traded down $0.97 during mid-day trading on Friday, reaching $234.59. 1,572,856 shares of the company were exchanged, compared to its average volume of 1,539,790. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 5.21 and a beta of 1.61. Marriott International, Inc. has a 1 year low of $165.13 and a 1 year high of $260.57. The firm’s 50-day simple moving average is $247.40 and its 200 day simple moving average is $228.85.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts forecast that Marriott International, Inc. will post 9.5 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is currently 21.47%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. UBS Group raised their target price 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. BMO Capital Markets increased their price target on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday. Wells Fargo & Company lowered their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Argus lifted their price target on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average price target of $241.33.

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.