Marietta Wealth Management LLC Has $5.28 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Marietta Wealth Management LLC boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.2% in the 4th quarter, Holdings Channel reports. The firm owned 18,915 shares of the company’s stock after buying an additional 41 shares during the period. Marietta Wealth Management LLC’s holdings in Marriott International were worth $5,276,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. increased its holdings in shares of Marriott International by 26.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 4,522 shares of the company’s stock worth $1,261,000 after buying an additional 951 shares in the last quarter. Waldron Private Wealth LLC boosted its position in Marriott International by 46.6% during the 4th quarter. Waldron Private Wealth LLC now owns 1,651 shares of the company’s stock worth $461,000 after buying an additional 525 shares during the period. Heck Capital Advisors LLC bought a new stake in Marriott International during the 4th quarter worth approximately $38,000. Caprock Group LLC lifted its holdings in shares of Marriott International by 2.9% during the fourth quarter. Caprock Group LLC now owns 7,361 shares of the company’s stock worth $2,054,000 after purchasing an additional 204 shares during the period. Finally, Mediolanum International Funds Ltd lifted its holdings in Marriott International by 126.0% during the 4th quarter. Mediolanum International Funds Ltd now owns 19,296 shares of the company’s stock worth $5,396,000 after buying an additional 10,758 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 12.32% of the company’s stock.

Marriott International Price Performance

MAR opened at $290.59 on Friday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The company’s 50-day moving average is $283.06 and its 200 day moving average is $258.99. The firm has a market capitalization of $80.75 billion, a P/E ratio of 30.40, a PEG ratio of 4.65 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its earnings results 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 net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company earned $2.11 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAR. Wells Fargo & Company raised their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Macquarie reiterated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Jefferies Financial Group upped their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein boosted their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Mizuho raised their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.