PFG Investments LLC Purchases Shares of 1,725 Marriott International, Inc. (NASDAQ:MAR)

PFG Investments LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,725 shares of the company’s stock, valued at approximately $435,000.

Other institutional investors have also recently made changes to their positions in the company. Caprock Group LLC lifted its stake in shares of Marriott International by 255.1% in the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after purchasing an additional 8,463 shares during the period. Cerity Partners LLC lifted its stake in shares of Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after purchasing an additional 20,890 shares during the period. Impax Asset Management Group plc lifted its stake in shares of Marriott International by 88.4% in the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after purchasing an additional 4,892 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after purchasing an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of Marriott International by 14.7% in the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after purchasing an additional 10,197 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares in the company, valued at $18,085.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $23,188,899.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares in the company, valued at approximately $18,085.68. 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 90 days. Corporate insiders own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research reports. Jefferies Financial Group upped their price target on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Robert W. Baird dropped their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. BMO Capital Markets upped their price target on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Finally, Truist Financial boosted their price objective on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $236.69.

Marriott International Stock Performance

NASDAQ MAR traded down $4.36 on Tuesday, hitting $236.13. 1,861,979 shares of the stock traded hands, compared to its average volume of 1,447,560. The business’s fifty day moving average is $248.20 and its two-hundred day moving average is $228.04. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The firm has a market capitalization of $68.23 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 5.37 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 business had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. Marriott International’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 earnings per share. Analysts expect that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Dividend Announcement

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 dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is currently 20.41%.

About Marriott International

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.