Cerity Partners LLC Has $10.14 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Cerity Partners LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 86.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,957 shares of the company’s stock after purchasing an additional 20,890 shares during the quarter. Cerity Partners LLC’s holdings in Marriott International were worth $10,138,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in Marriott International by 255.1% in the fourth quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after acquiring an additional 8,463 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Marriott International by 1,487.6% in the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after acquiring an additional 323,500 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Marriott International by 88.4% in the fourth quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after acquiring an additional 4,892 shares during the last quarter. Nordea Investment Management AB lifted its stake in Marriott International by 245.9% in the fourth quarter. Nordea Investment Management AB now owns 164,045 shares of the company’s stock valued at $36,904,000 after acquiring an additional 116,615 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Marriott International by 16.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 80,128 shares of the company’s stock valued at $17,872,000 after acquiring an additional 11,477 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Argus increased their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Truist Financial increased their price objective 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. Mizuho initiated coverage on shares of Marriott International in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $263.00 price objective on the stock. Finally, Jefferies Financial Group increased their price objective on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $236.81.

Insider Buying and Selling

In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock worth $30,435,493 in the last ninety days. Company insiders own 10.07% of the company’s stock.

Marriott International Trading Down 2.9 %

MAR opened at $251.06 on Monday. The company’s 50 day moving average is $248.88 and its 200-day moving average is $224.25. Marriott International, Inc. has a 1-year low of $161.71 and a 1-year high of $260.57. The company has a market cap of $72.55 billion, a P/E ratio of 24.64, a PEG ratio of 1.83 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company posted $1.96 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

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

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.