InTrack Investment Management Inc Boosts Position in Marriott International, Inc. (NASDAQ:MAR)

InTrack Investment Management Inc increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,126 shares of the company’s stock after purchasing an additional 91 shares during the period. InTrack Investment Management Inc’s holdings in Marriott International were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jensen Investment Management Inc. purchased a new position in Marriott International in the third quarter worth approximately $793,000. BayBridge Capital Group LLC purchased a new position in shares of Marriott International during the 3rd quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Marriott International in the third quarter valued at about $2,721,000. Finally, Kinsale Capital Group Inc. purchased a new position in Marriott International during the third quarter worth about $3,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly 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 document filed with the SEC, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated 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 $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 in the last three months. 10.07% of the stock is currently owned by company insiders.

Marriott International Stock Performance

NASDAQ:MAR opened at $277.18 on Friday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The stock has a market cap of $77.03 billion, a P/E ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57. The stock has a 50-day simple moving average of $282.60 and a 200-day simple moving average of $255.65.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 earnings per share. On average, equities research analysts predict that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MAR shares. Bank of America upped their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group raised their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. BMO Capital Markets boosted their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Sanford C. Bernstein lifted their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $272.15.

About Marriott International

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.