Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its stake in Marriott International, Inc. (NASDAQ:MARFree Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,350 shares of the company’s stock after purchasing an additional 145 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Marriott International were worth $1,883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAR. Parnassus Investments LLC acquired a new position in Marriott International during the third quarter worth about $481,621,000. Norges Bank acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $326,980,000. Arrowstreet Capital Limited Partnership raised its position in shares of Marriott International by 1,066.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock valued at $379,202,000 after buying an additional 1,972,684 shares during the last quarter. Morgan Stanley raised its position in shares of Marriott International by 52.7% in the fourth quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock valued at $716,346,000 after buying an additional 1,659,637 shares during the last quarter. Finally, FMR LLC raised its position 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 valued at $1,697,219,000 after buying an additional 1,194,665 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

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 transaction of $351,666.00. Following the transaction, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marriott International news, insider David S. Marriott sold 2,878 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total transaction of $716,449.32. Following the transaction, the insider now directly owns 596,042 shares in the company, valued at approximately $148,378,695.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 over the last 90 days. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Performance

MAR stock opened at $255.16 on Monday. The stock has a market cap of $76.19 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.85 and a beta of 1.62. The firm has a 50 day simple moving average of $244.24 and a 200 day simple moving average of $218.62. Marriott International, Inc. has a 52 week low of $153.56 and a 52 week high of $256.53.

Marriott International (NASDAQ:MARGet Free Report) 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. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 earnings per share. Sell-side analysts predict that Marriott International, Inc. will post 9.47 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, February 21st. Marriott International’s dividend payout ratio is 20.41%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Argus boosted their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Barclays boosted their price objective on shares of Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. BMO Capital Markets boosted their price objective on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Truist Financial boosted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company raised their price target on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and an average price target of $235.07.

Read Our Latest Stock Report on MAR

About Marriott International

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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