Balanced Wealth Group LLC Acquires Shares of 3,552 Marriott International, Inc. (NASDAQ:MAR)

Balanced Wealth Group LLC bought a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,552 shares of the company’s stock, valued at approximately $801,000.

A number of other large investors have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Marriott International by 16.1% in the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after purchasing an additional 1,194,665 shares during the last quarter. Morgan Stanley increased its position in shares of Marriott International by 1.4% during the third quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after purchasing an additional 63,411 shares in the last quarter. Jennison Associates LLC grew its holdings in Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after purchasing an additional 1,173,028 shares during the last quarter. Invesco Ltd. raised its position in shares of Marriott International by 1.8% during the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after purchasing an additional 48,872 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Marriott International by 0.5% in the third quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock valued at $483,862,000 after buying an additional 12,901 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MAR. Argus increased their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Robert W. Baird upped their price target on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Mizuho increased their price objective on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Truist Financial boosted 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, UBS Group lifted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $241.33.

Marriott International Price Performance

NASDAQ MAR traded down $0.64 on Wednesday, reaching $235.35. The company had a trading volume of 1,194,465 shares, compared to its average volume of 1,443,287. The firm has a market cap of $67.22 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 4.44 and a beta of 1.61. The business has a 50 day moving average of $246.89 and a two-hundred day moving average of $229.50. Marriott International, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.5 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued 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 21.47%.

Insider Activity at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the transaction, the insider now owns 24,478 shares in the company, valued at approximately $6,166,742.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction that occurred on Thursday, February 15th. The shares were 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 of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares in the company, valued at $6,166,742.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,003 shares of company stock valued at $30,435,493. 10.07% of the stock is owned by company insiders.

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.