Brooklyn Investment Group Purchases 410 Shares of Marriott International, Inc. (NASDAQ:MAR)

Brooklyn Investment Group grew its position in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 42.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,385 shares of the company’s stock after buying an additional 410 shares during the quarter. Brooklyn Investment Group’s holdings in Marriott International were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank grew its stake in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new stake in shares of Marriott International during the third quarter valued at approximately $31,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the third quarter valued at approximately $33,000. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MAR. Bank of America increased their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Wells Fargo & Company increased their price objective on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Truist Financial cut their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Morgan Stanley cut their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $260.20.

Get Our Latest Stock Analysis on Marriott International

Marriott International Trading Up 0.1 %

Marriott International stock opened at $288.18 on Wednesday. The company has a market cap of $80.08 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 5.67 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.80. The company has a fifty day simple moving average of $264.04 and a 200 day simple moving average of $244.14.

Marriott International (NASDAQ:MARGet Free Report) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. On average, equities research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity

In other news, CAO Felitia Lee sold 916 shares of the firm’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 completion of the sale, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following 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 position. 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 quarter. Company insiders own 10.07% of the company’s stock.

Marriott International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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