Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by DecisionPoint Financial LLC

DecisionPoint Financial LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 334.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,363 shares of the company’s stock after purchasing an additional 3,359 shares during the period. Marriott International comprises about 0.4% of DecisionPoint Financial LLC’s portfolio, making the stock its 19th largest holding. DecisionPoint Financial LLC’s holdings in Marriott International were worth $984,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MAR. Grove Bank & Trust raised its holdings in shares of Marriott International by 3.4% during the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after buying an additional 43 shares during the last quarter. Argus Investors Counsel Inc. grew its stake in shares of Marriott International by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after purchasing an additional 45 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Marriott International by 2.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after buying an additional 45 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Marriott International by 0.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock worth $1,177,000 after acquiring an additional 52 shares during the period. Finally, ORG Partners LLC boosted its holdings 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 acquiring an additional 53 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Down 2.7 %

Shares of NASDAQ:MAR traded down $6.62 on Wednesday, reaching $239.00. The company had a trading volume of 1,566,249 shares, compared to its average volume of 1,423,087. The stock has a market capitalization of $69.06 billion, a P/E ratio of 23.35, a P/E/G ratio of 1.81 and a beta of 1.62. The stock has a 50-day moving average price of $248.99 and a 200 day moving average price of $224.94. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the business posted $1.96 EPS. Marriott International’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 20.41%.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred 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 sale, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David S. Marriott sold 2,878 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total value of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,003 shares of company stock worth $30,435,493. 10.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MAR. Argus boosted their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Robert W. Baird cut their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Mizuho initiated coverage on Marriott International in a report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price target on the stock. Truist Financial raised 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 increased their price target on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $236.81.

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.