Cwm LLC Has $1.38 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Cwm LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,124 shares of the company’s stock after acquiring an additional 262 shares during the period. Cwm LLC’s holdings in Marriott International were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its stake in Marriott International by 16.1% in the 3rd 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. Morgan Stanley increased its stake in Marriott International by 1.4% in the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after buying an additional 63,411 shares during the last quarter. Invesco Ltd. increased its stake in Marriott International by 1.8% in the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock valued at $537,529,000 after buying an additional 48,872 shares during the last quarter. Northern Trust Corp increased its stake in shares of Marriott International by 0.5% during the 3rd quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after purchasing an additional 12,901 shares during the last quarter. Finally, Parnassus Investments LLC acquired a new position in shares of Marriott International during the 3rd quarter worth about $481,621,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Down 0.5 %

Shares of Marriott International stock opened at $240.84 on Friday. The company has a 50 day moving average of $248.36 and a 200-day moving average of $227.03. Marriott International, Inc. has a 1-year low of $162.77 and a 1-year high of $260.57. The company has a market cap of $69.60 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 5.40 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm posted $1.96 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts forecast 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. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

Insider Buying and Selling

In related news, insider Deborah Marriott Harrison sold 37,300 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were 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 directly owns 9,100 shares in the company, valued at approximately $2,197,286. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Deborah Marriott Harrison sold 37,300 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were 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 directly owns 9,100 shares in the company, valued at approximately $2,197,286. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 in the last three months. 12.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday. Argus boosted 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. 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 lifted 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 target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $236.69.

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.