Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Girard Partners LTD.

Girard Partners LTD. lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 7.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,508 shares of the company’s stock after buying an additional 103 shares during the period. Girard Partners LTD.’s holdings in Marriott International were worth $250,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new position in Marriott International in the 4th quarter valued at $28,000. Resurgent Financial Advisors LLC purchased a new stake in Marriott International in the 4th quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Marriott International in the 4th quarter valued at $26,000. Coppell Advisory Solutions Corp. purchased a new stake in Marriott International in the 4th quarter valued at $28,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Marriott International during the 1st quarter worth $35,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Peggy Fang Roe sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $181.13, for a total transaction of $271,695.00. Following the sale, the executive vice president now owns 17,885 shares in the company, valued at $3,239,510.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $202.23, for a total transaction of $4,044,600.00. Following the transaction, the chief executive officer now directly owns 100,317 shares of the company’s stock, valued at $20,287,106.91. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peggy Fang Roe sold 1,500 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $181.13, for a total transaction of $271,695.00. Following the completion of the sale, the executive vice president now directly owns 17,885 shares of the company’s stock, valued at approximately $3,239,510.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,223 shares of company stock worth $19,685,695. 12.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research analyst reports. Truist Financial increased their price target on Marriott International from $213.00 to $221.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. TheStreet upgraded Marriott International from a “c+” rating to a “b-” rating in a report on Friday. Robert W. Baird increased their price target on Marriott International from $198.00 to $220.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. 888 reissued a “maintains” rating on shares of Marriott International in a research note on Tuesday, June 27th. Finally, Citigroup increased their target price on Marriott International from $175.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $206.14.

Marriott International Price Performance

Shares of MAR traded up $2.09 during mid-day trading on Wednesday, reaching $203.12. 178,097 shares of the company’s stock were exchanged, compared to its average volume of 1,850,031. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 73.56. The company has a 50-day simple moving average of $197.23 and a two-hundred day simple moving average of $180.05. Marriott International, Inc. has a 52-week low of $135.90 and a 52-week high of $210.98. The company has a market cap of $60.58 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.40 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.07. Marriott International had a net margin of 12.15% and a return on equity of 649.26%. The business had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same period last year, the company posted $1.80 EPS. The company’s revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts predict that Marriott International, Inc. will post 8.63 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 17th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.02%. Marriott International’s dividend payout ratio (DPR) is currently 23.45%.

Marriott International Company Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.