Field & Main Bank Acquires 345 Shares of Marriott International, Inc. (NASDAQ:MAR)

Field & Main Bank lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 18.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,257 shares of the company’s stock after purchasing an additional 345 shares during the period. Field & Main Bank’s holdings in Marriott International were worth $630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAR. Strategic Blueprint LLC bought a new stake in shares of Marriott International during the fourth quarter worth approximately $562,000. Forsta AP Fonden boosted its position in shares of Marriott International by 33.3% in the fourth quarter. Forsta AP Fonden now owns 65,600 shares of the company’s stock valued at $18,298,000 after acquiring an additional 16,400 shares during the period. Fulton Breakefield Broenniman LLC grew its stake in shares of Marriott International by 1.1% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 8,551 shares of the company’s stock valued at $2,385,000 after acquiring an additional 90 shares in the last quarter. SteelPeak Wealth LLC increased its position in Marriott International by 138.1% during the fourth quarter. SteelPeak Wealth LLC now owns 8,623 shares of the company’s stock worth $2,405,000 after acquiring an additional 5,002 shares during the period. Finally, NorthStar Asset Management LLC NJ bought a new stake in Marriott International in the 4th quarter valued at about $200,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.1 %

Shares of NASDAQ:MAR opened at $288.91 on Wednesday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The firm’s 50-day moving average is $282.56 and its 200 day moving average is $258.23. The company has a market capitalization of $80.28 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 4.64 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the company earned $2.11 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock valued at $3,919,739 in the last ninety days. 12.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MAR has been the subject of a number of analyst reports. Mizuho lifted their target price on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Argus lifted their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. TD Cowen reduced their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets increased their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird raised their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $272.15.

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, City Express by Marriott, and St.