Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,203 shares of the company’s stock after buying an additional 174 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Marriott International were worth $271,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Parnassus Investments LLC purchased a new stake in shares of Marriott International during the third quarter valued at approximately $481,621,000. Norges Bank purchased a new stake in Marriott International during the 4th quarter worth $326,980,000. Arrowstreet Capital Limited Partnership lifted its holdings in Marriott International by 1,066.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after buying an additional 1,972,684 shares in the last quarter. Morgan Stanley grew its stake in shares of Marriott International by 52.7% during the fourth quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock valued at $716,346,000 after acquiring an additional 1,659,637 shares in the last quarter. Finally, FMR LLC increased its position in shares of Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 0.1 %

Shares of NASDAQ:MAR opened at $236.00 on Monday. The firm’s 50 day moving average is $248.31 and its two-hundred day moving average is $225.87. The firm has a market capitalization of $68.20 billion, a P/E ratio of 23.16, a PEG ratio of 1.72 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.

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

Marriott International Announces Dividend

The business also recently announced 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 yield of 0.88%. Marriott International’s payout ratio is 20.41%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Mizuho assumed coverage on shares of Marriott International in a report on Tuesday, March 26th. They issued a “neutral” rating and a $263.00 price target on the stock. Jefferies Financial Group upped their target price on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Barclays boosted their price objective on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday. Finally, UBS Group increased their target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $236.88.

Insider Activity

In other Marriott International news, insider Deborah Marriott Harrison sold 37,300 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $241.46, for a total value of $9,006,458.00. Following the completion of the sale, the insider now directly owns 9,100 shares in the company, valued at $2,197,286. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Deborah Marriott Harrison sold 37,300 shares of Marriott International stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the transaction, the insider now owns 9,100 shares in the company, valued at approximately $2,197,286. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 over the last three months. Corporate insiders own 12.32% of the company’s stock.

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.