Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Boosted by Clearstead Trust LLC

Clearstead Trust LLC raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 116.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 240 shares of the company’s stock after purchasing an additional 129 shares during the period. Clearstead Trust LLC’s holdings in Marriott International were worth $54,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MAR. Connecticut Wealth Management LLC grew its position in Marriott International by 114.0% in the 4th quarter. Connecticut Wealth Management LLC now owns 6,624 shares of the company’s stock valued at $1,494,000 after buying an additional 3,529 shares in the last quarter. Avalon Trust Co bought a new position in shares of Marriott International in the fourth quarter valued at approximately $39,000. 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 valued at $53,388,000 after acquiring an additional 100,883 shares during the period. TCG Advisory Services LLC bought a new stake in Marriott International during the fourth quarter worth approximately $4,177,000. Finally, Forte Capital LLC ADV lifted its position in Marriott International by 16.8% in the fourth quarter. Forte Capital LLC ADV now owns 1,602 shares of the company’s stock worth $361,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on MAR shares. BMO Capital Markets boosted their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday. Argus upped their price target on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Barclays lifted 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. Truist Financial raised 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. Finally, Wells Fargo & Company dropped their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $241.33.

Insider Buying and Selling at Marriott International

In related news, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 in the company, valued at approximately $6,166,742.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the transaction, the insider now owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock worth $30,435,493 over the last three months. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $0.97 during midday trading on Friday, hitting $234.59. 1,572,856 shares of the stock were exchanged, compared to its average volume of 1,539,790. Marriott International, Inc. has a 52-week low of $165.13 and a 52-week high of $260.57. The business’s fifty day simple moving average is $247.40 and its two-hundred day simple moving average is $228.85. The company has a market capitalization of $67.00 billion, a PE ratio of 24.21, a P/E/G ratio of 5.21 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 EPS. As a group, equities analysts anticipate that Marriott International, Inc. will post 9.5 EPS for the current year.

Marriott International Announces Dividend

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

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.