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

ORG Partners LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 72.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126 shares of the company’s stock after acquiring an additional 53 shares during the period. ORG Partners LLC’s holdings in Marriott International were worth $29,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Marriott International by 2.4% during the 1st quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock worth $2,450,000 after buying an additional 330 shares during the last quarter. Raymond James Trust N.A. raised its position in Marriott International by 5.8% in the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock valued at $605,000 after purchasing an additional 189 shares during the last quarter. Synovus Financial Corp raised its position in Marriott International by 13.3% in the 1st quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock valued at $682,000 after purchasing an additional 455 shares during the last quarter. Sei Investments Co. raised its position in Marriott International by 12.1% in the 1st quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock valued at $7,708,000 after purchasing an additional 4,685 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in Marriott International by 64.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock valued at $4,816,000 after purchasing an additional 10,790 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the firm’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 of the company’s stock, valued at approximately $6,166,742.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Anthony Capuano sold 20,000 shares of the firm’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 value of $4,969,600.00. Following the transaction, the chief executive officer now owns 93,323 shares in the company, valued at $23,188,899.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 in the last ninety days. Insiders own 10.07% of the company’s stock.

Marriott International Trading Down 1.1 %

Shares of NASDAQ MAR opened at $245.62 on Wednesday. The stock has a market cap of $70.98 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.81 and a beta of 1.62. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57. The company’s 50-day moving average price is $248.99 and its 200 day moving average price is $224.94.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $6.10 billion for 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 firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.96 EPS. As a group, research analysts expect that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid 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 0.85%. Marriott International’s dividend payout ratio is currently 20.41%.

Analyst Ratings Changes

Several analysts recently commented on MAR shares. 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. Truist Financial upped their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. BMO Capital Markets upped their price target on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Barclays upped 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 report on Wednesday, February 14th. Finally, Wells Fargo & Company upped their price objective on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $236.81.

About Marriott International

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.