Graney & King LLC Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Graney & King LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 295 shares of the company’s stock, valued at approximately $82,000.

Several other large investors have also bought and sold shares of the business. Hopwood Financial Services Inc. bought a new stake in Marriott International during the 4th quarter worth $25,000. Bell Investment Advisors Inc grew its holdings in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International during the 4th quarter worth approximately $33,000. Finally, ORG Partners LLC increased its position in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the business’s 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 completion of the sale, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. 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 in the last 90 days. 12.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MAR. UBS Group boosted their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Truist Financial dropped their price target on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Susquehanna increased their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average target price of $286.05.

Marriott International Price Performance

NASDAQ MAR opened at $246.48 on Wednesday. The company’s 50 day simple moving average is $274.34 and its two-hundred day simple moving average is $270.60. The stock has a market capitalization of $67.95 billion, a PE ratio of 29.63, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

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

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.02%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

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.