Brighton Jones LLC Raises Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Brighton Jones LLC boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,757 shares of the company’s stock after buying an additional 68 shares during the period. Brighton Jones LLC’s holdings in Marriott International were worth $1,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAR. OFI Invest Asset Management purchased a new stake in Marriott International in the 3rd quarter worth approximately $25,000. ORG Partners LLC increased its stake in shares of Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new position in Marriott International in the 4th quarter worth about $30,000. Anchor Investment Management LLC acquired a new stake in Marriott International in the fourth quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Marriott International in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $232.22 on Wednesday. The stock has a market capitalization of $67.10 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 5.36 and a beta of 1.62. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The business has a 50-day moving average of $248.20 and a 200 day moving average of $228.04.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. Equities research analysts anticipate that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Insider Buying and Selling

In other news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related 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 completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 over the last 90 days. 12.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MAR. Robert W. Baird reduced their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Jefferies Financial Group lifted 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. Barclays increased their price objective on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Truist Financial boosted their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, UBS Group lifted their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price 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.