Marietta Wealth Management LLC Has $5.28 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Marietta Wealth Management LLC raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,915 shares of the company’s stock after acquiring an additional 41 shares during the period. Marietta Wealth Management LLC’s holdings in Marriott International were worth $5,276,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jensen Investment Management Inc. acquired a new position in shares of Marriott International in the 3rd quarter worth approximately $793,000. BayBridge Capital Group LLC acquired a new position in Marriott International in the third quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Marriott International by 0.5% in the third 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 in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Marriott International during the 3rd quarter worth about $2,721,000. Finally, Kinsale Capital Group Inc. bought a new stake in Marriott International during the 3rd quarter worth about $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Down 0.7 %

Marriott International stock opened at $290.59 on Friday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The company has a 50 day moving average of $283.06 and a 200-day moving average of $258.99. The stock has a market capitalization of $80.75 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 4.65 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the business earned $2.11 earnings per share. Marriott International’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Buying and Selling

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 stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $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 through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the firm’s 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 owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

MAR has been the topic of several research analyst reports. Robert W. Baird increased their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. BMO Capital Markets lifted their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Barclays raised their price target on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $272.15.

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.