Embree Financial Group purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,654 shares of the company’s stock, valued at approximately $823,000.
A number of other large investors also recently modified their holdings of MAR. Riversedge Advisors LLC grew its holdings in shares of Marriott International by 3.0% during the 4th quarter. Riversedge Advisors LLC now owns 1,149 shares of the company’s stock worth $357,000 after purchasing an additional 33 shares during the period. Catalyst Financial Partners LLC raised its holdings in Marriott International by 3.3% in the third quarter. Catalyst Financial Partners LLC now owns 1,104 shares of the company’s stock valued at $288,000 after buying an additional 35 shares during the period. Lazari Capital Management Inc. grew its stake in Marriott International by 1.6% during the third quarter. Lazari Capital Management Inc. now owns 2,356 shares of the company’s stock worth $614,000 after buying an additional 37 shares during the period. L2 Asset Management LLC increased its position in shares of Marriott International by 4.0% in the second quarter. L2 Asset Management LLC now owns 996 shares of the company’s stock worth $272,000 after acquiring an additional 38 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in shares of Marriott International by 1.2% in the 3rd quarter. HBK Sorce Advisory LLC now owns 3,512 shares of the company’s stock valued at $935,000 after acquiring an additional 40 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.
Marriott International Price Performance
Shares of MAR stock opened at $317.54 on Monday. The company’s fifty day moving average price is $331.21 and its two-hundred day moving average price is $302.90. The firm has a market capitalization of $84.14 billion, a P/E ratio of 33.46, a P/E/G ratio of 2.80 and a beta of 1.09. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $370.00.
Marriott International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, February 26th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 26th. Marriott International’s dividend payout ratio is 28.24%.
Insider Buying and Selling at Marriott International
In other Marriott International news, EVP Benjamin T. Breland sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $358.03, for a total transaction of $716,060.00. Following the completion of the transaction, the executive vice president directly owned 26,399 shares of the company’s stock, valued at $9,451,633.97. This trade represents a 7.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajeev Menon sold 3,492 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $354.00, for a total transaction of $1,236,168.00. Following the completion of the sale, the insider owned 6,000 shares in the company, valued at approximately $2,124,000. This trade represents a 36.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 95,540 shares of company stock valued at $34,274,055. Corporate insiders own 10.68% of the company’s stock.
Wall Street Analysts Forecast Growth
MAR has been the subject of a number of research reports. Evercore upped their price target on shares of Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on Marriott International from $323.00 to $356.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. BMO Capital Markets upgraded Marriott International from a “market perform” rating to an “outperform” rating and raised their target price for the company from $285.00 to $370.00 in a report on Friday, January 9th. Finally, The Goldman Sachs Group boosted their price target on Marriott International from $355.00 to $398.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.47.
Check Out Our Latest Stock Report on Marriott International
Marriott International Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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