Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,088 shares of the company’s stock after acquiring an additional 286 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Marriott International were worth $1,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of Marriott International in the third quarter worth about $25,000. 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 buying an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new position in Marriott International during the fourth quarter worth $30,000. Anchor Investment Management LLC acquired a new position in Marriott International during the fourth quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $33,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of MAR stock traded down $1.10 during trading hours on Friday, reaching $240.84. The company had a trading volume of 1,065,478 shares, compared to its average volume of 1,445,392. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57. The stock’s fifty day simple moving average is $248.36 and its 200 day simple moving average is $227.03. The company has a market capitalization of $69.60 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 5.44 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted 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. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $1.96 EPS. As a group, equities analysts expect that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.52 per share. The ex-dividend date 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 20.41%.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 47,109 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now owns 72 shares of the company’s stock, valued at approximately $18,085.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 47,109 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,003 shares of company stock valued at $30,435,493. Insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of several research analyst reports. Argus boosted their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Jefferies Financial Group upped their price objective 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 upped their price objective 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. Truist Financial upped their price objective on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company upped their target price on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company 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.