Global Retirement Partners LLC Has $551,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Global Retirement Partners LLC boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,435 shares of the company’s stock after buying an additional 473 shares during the quarter. Global Retirement Partners LLC’s holdings in Marriott International were worth $551,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MAR. OFI Invest Asset Management acquired a new position in shares of Marriott International in the third quarter valued at approximately $25,000. Anchor Investment Management LLC acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $31,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Marriott International in the third quarter valued at approximately $32,000. ICA Group Wealth Management LLC acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $28,000. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of Marriott International in the fourth quarter valued at approximately $25,000. 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 firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Marriott International news, EVP Drew Pinto sold 1,404 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $242.87, for a total value of $340,989.48. Following the completion of the sale, the executive vice president now owns 5,996 shares in the company, valued at approximately $1,456,248.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The stock was 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 owns 72 shares of the company’s stock, valued at approximately $18,085.68. 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. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Performance

MAR stock opened at $251.33 on Tuesday. Marriott International, Inc. has a fifty-two week low of $161.01 and a fifty-two week high of $256.53. The business’s 50 day moving average price is $246.57 and its two-hundred day moving average price is $220.37. The company has a market capitalization of $72.63 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.62.

Marriott International (NASDAQ:MARGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS. Sell-side analysts forecast that Marriott International, Inc. will post 9.47 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. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.83%. Marriott International’s payout ratio is 20.41%.

Analyst Ratings Changes

Several brokerages recently issued reports on MAR. Jefferies Financial Group boosted their price target on 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 target on Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. BMO Capital Markets upped their target price on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Mizuho initiated coverage on Marriott International in a research note on Tuesday, March 26th. They set a “neutral” rating and a $263.00 target price for the company. Finally, UBS Group upped their target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Marriott International has an average rating of “Hold” and an average price target of $236.81.

Get Our Latest Research Report on MAR

Marriott International Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MARFree Report).

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

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.