Plato Investment Management Ltd Invests $48,000 in Marriott International, Inc. (NASDAQ:MAR)

Plato Investment Management Ltd bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 172 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jensen Investment Management Inc. purchased a new position in Marriott International during the 3rd quarter valued at about $793,000. NewEdge Wealth LLC boosted its stake in shares of Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after buying an additional 1,112 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after buying an additional 2,723 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Marriott International in the 3rd quarter valued at about $2,721,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Marriott International in the 4th quarter valued at about $2,990,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Up 0.1 %

Shares of MAR stock opened at $271.10 on Thursday. The business’s 50 day moving average is $282.47 and its two-hundred day moving average is $268.41. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The company has a market capitalization of $74.74 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.93%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Analyst Ratings Changes

MAR has been the subject of several recent research reports. The Goldman Sachs Group lifted their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial lifted their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $286.45.

Insider Buying and Selling at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by insiders.

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.