Marriott International, Inc. (NASDAQ:MAR) Shares Bought by LGL Partners LLC

LGL Partners LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 2,630 shares of the company’s stock after purchasing an additional 50 shares during the period. LGL Partners LLC’s holdings in Marriott International were worth $593,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Marriott International in the 3rd quarter worth $25,000. ORG Partners LLC lifted 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 worth $29,000 after buying an additional 53 shares during the last quarter. Keener Financial Planning LLC bought a new position in Marriott International during the fourth quarter valued at about $30,000. Anchor Investment Management LLC bought a new position in Marriott International during the fourth quarter valued at about $31,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Marriott International during the fourth quarter valued at about $33,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $3.89 during mid-day trading on Tuesday, reaching $236.60. 934,936 shares of the company’s stock were exchanged, compared to its average volume of 1,435,836. The firm has a market capitalization of $68.37 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 5.37 and a beta of 1.62. The business’s fifty day moving average price is $248.34 and its 200-day moving average price is $227.74. Marriott International, Inc. has a twelve month low of $165.13 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping 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 company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. Marriott International’s revenue was up 2.9% compared to the same quarter last year. Analysts predict that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MAR shares. Argus lifted 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. BMO Capital Markets boosted their target price on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Jefferies Financial Group boosted their target price on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Mizuho reduced their target price on Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Finally, UBS Group upped their price objective on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $236.69.

Insider Buying and Selling

In related news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at $18,085.68. 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 company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares in the company, valued at $18,085.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,003 shares of company stock worth $30,435,493. 10.07% of the stock is owned by insiders.

Marriott International 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.