Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 34.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,345 shares of the company’s stock after acquiring an additional 1,112 shares during the period. NewEdge Wealth LLC’s holdings in Marriott International were worth $1,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Marriott International in the 4th quarter worth approximately $76,000. Lake Street Advisors Group LLC increased its position in shares of Marriott International by 6.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,952 shares of the company’s stock valued at $1,102,000 after buying an additional 225 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Marriott International during the 4th quarter worth $100,000. Longbow Finance SA purchased a new stake in shares of Marriott International in the 4th quarter worth about $8,840,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in Marriott International during the 4th quarter valued at about $230,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last quarter. 12.32% of the stock is owned by corporate insiders.

Marriott International Trading Up 1.2 %

MAR stock opened at $280.45 on Friday. The stock has a 50-day moving average price of $283.20 and a two-hundred day moving average price of $267.30. The company has a market cap of $77.32 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Analyst Ratings Changes

Several research firms have recently commented on MAR. Mizuho increased their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. BMO Capital Markets raised their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. UBS Group upped their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus raised their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $284.05.

Marriott International Company 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.