Marco Investment Management LLC Acquires New Holdings in Marriott International, Inc. (NASDAQ:MAR)

Marco Investment Management LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 997 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors have also made changes to their positions in the company. Caprock Group LLC grew its holdings in Marriott International by 255.1% in the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after buying an additional 8,463 shares during the last quarter. Cerity Partners LLC grew its holdings in Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after buying an additional 20,890 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Marriott International by 88.4% in the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after buying an additional 4,892 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after buying an additional 323,500 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Marriott International by 14.7% during the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock worth $17,906,000 after purchasing an additional 10,197 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the transaction, the insider now owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction dated Friday, February 23rd. The stock was 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 of the company’s stock, valued at $6,166,742.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. 10.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on MAR shares. UBS Group lifted their price objective on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Jefferies Financial Group lifted their price objective on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Mizuho lowered their price target on Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 23rd. Truist Financial upped their price target on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, Barclays upped their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average target price of $236.69.

Marriott International Stock Up 0.2 %

Shares of MAR opened at $241.40 on Monday. Marriott International, Inc. has a 12-month low of $165.13 and a 12-month high of $260.57. The firm has a market capitalization of $69.76 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 5.37 and a beta of 1.62. The stock’s fifty day simple moving average is $248.36 and its 200-day simple moving average is $227.44.

Marriott International (NASDAQ:MAR) last issued its quarterly 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 negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is 20.41%.

Marriott International 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.