AdvisorNet Financial Inc Raises Stock Position in Marriott International, Inc. (NASDAQ:MAR)

AdvisorNet Financial Inc boosted its position in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 15.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 572 shares of the company’s stock after buying an additional 76 shares during the quarter. AdvisorNet Financial Inc’s holdings in Marriott International were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $25,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Marriott International in the 4th quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Marriott International in the 4th quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Marriott International in the 4th quarter valued at approximately $28,000. Finally, Anchor Investment Management LLC purchased a new stake in Marriott International during the 4th quarter worth approximately $31,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MAR shares. Jefferies Financial Group upped their target price on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Truist Financial upped their target price 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. Robert W. Baird cut their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Argus upped their target price 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. Finally, Mizuho assumed coverage on shares of Marriott International in a report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price target for the company. Eleven 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 currently has a consensus rating of “Hold” and an average target price of $236.81.

Get Our Latest Analysis on MAR

Marriott International Trading Up 1.2 %

Shares of Marriott International stock opened at $250.59 on Thursday. The company has a fifty day simple moving average of $247.06 and a 200-day simple moving average of $221.02. Marriott International, Inc. has a 12-month low of $161.01 and a 12-month high of $256.53. The stock has a market cap of $72.41 billion, a price-to-earnings ratio of 24.59, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts forecast that Marriott International, Inc. will post 9.47 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.83%. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Insider Activity at Marriott International

In related news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the sale, the insider now owns 24,478 shares in the company, valued at approximately $6,166,742.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total transaction of $617,240.00. Following the completion of the transaction, the director now owns 1,472 shares in the company, valued at approximately $349,452.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. 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 90 days. 12.32% of the stock is owned by insiders.

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)

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