Horizon Investments LLC Raises Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Horizon Investments LLC grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,458 shares of the company’s stock after buying an additional 84 shares during the period. Horizon Investments LLC’s holdings in Marriott International were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of MAR. Charles Schwab Investment Management Inc. lifted its holdings in shares of Marriott International by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after acquiring an additional 32,288 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after buying an additional 46,563 shares during the period. Janus Henderson Group PLC increased its position in Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after purchasing an additional 47,551 shares during the period. Raymond James Financial Inc. purchased a new position in Marriott International during the fourth quarter valued at approximately $165,162,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Marriott International by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after acquiring an additional 12,702 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at $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. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last ninety days. 12.32% of the stock is owned by insiders.

Marriott International Trading Up 3.0 %

MAR stock opened at $247.62 on Thursday. The company has a market cap of $68.27 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 3.42 and a beta of 1.58. The firm has a 50-day moving average of $276.77 and a two-hundred day moving average of $269.96. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company 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 dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.02%. 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

MAR has been the topic of a number of analyst reports. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective on the stock in a research report on Tuesday, February 4th. Mizuho increased their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial raised their target price on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, UBS Group upped their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $286.45.

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.