McElhenny Sheffield Capital Management LLC Buys New Stake in Marriott International, Inc. (NASDAQ:MAR)

McElhenny Sheffield Capital Management LLC bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 400 shares of the company’s stock, valued at approximately $60,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Abundance Wealth Counselors grew its stake in Marriott International by 0.8% during the 3rd quarter. Abundance Wealth Counselors now owns 7,709 shares of the company’s stock valued at $1,080,000 after acquiring an additional 64 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Marriott International by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,809 shares of the company’s stock valued at $382,000 after purchasing an additional 65 shares during the last quarter. One Capital Management LLC boosted its holdings in Marriott International by 2.0% in the 3rd quarter. One Capital Management LLC now owns 3,474 shares of the company’s stock valued at $486,000 after purchasing an additional 68 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in Marriott International by 3.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,913 shares of the company’s stock valued at $268,000 after purchasing an additional 69 shares during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Marriott International by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 4,092 shares of the company’s stock valued at $573,000 after purchasing an additional 71 shares during the last quarter. 58.97% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of MAR opened at $158.77 on Friday. Marriott International, Inc. has a fifty-two week low of $131.01 and a fifty-two week high of $195.90. The firm’s 50 day moving average price is $168.89 and its 200 day moving average price is $158.69. The company has a market cap of $48.92 billion, a P/E ratio of 21.87, a PEG ratio of 0.70 and a beta of 1.58. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 16.51.

Marriott International (NASDAQ:MAR – Get Rating) last announced its earnings results on Tuesday, February 14th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.12. Marriott International had a net margin of 11.35% and a return on equity of 168.43%. The firm had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the prior year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, research analysts forecast that Marriott International, Inc. will post 7.75 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, February 24th will be given a $0.40 dividend. The ex-dividend date is Thursday, February 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. Marriott International’s dividend payout ratio is currently 22.04%.

Analysts Set New Price Targets

Several research firms have weighed in on MAR. Citigroup lowered shares of Marriott International from a “buy” rating to a “neutral” rating and boosted their target price for the company from $170.00 to $175.00 in a report on Wednesday, December 14th. Credit Suisse Group boosted their target price on shares of Marriott International from $185.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, February 16th. Wells Fargo & Company boosted their target price on shares of Marriott International from $182.00 to $189.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Jefferies Financial Group lowered shares of Marriott International from a “buy” rating to a “hold” rating and set a $166.00 price objective on the stock. in a report on Monday, January 9th. Finally, BMO Capital Markets upped their price objective on shares of Marriott International from $163.00 to $183.00 and gave the stock a “market perform” rating in a report on Wednesday, February 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $180.50.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 2,500 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $170.03, for a total value of $425,075.00. Following the sale, the insider now directly owns 17,738 shares of the company’s stock, valued at approximately $3,015,992.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Marriott International news, insider William P. Brown sold 2,500 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $170.03, for a total value of $425,075.00. Following the sale, the insider now directly owns 17,738 shares of the company’s stock, valued at approximately $3,015,992.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Rajeev Menon sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $176.17, for a total transaction of $1,057,020.00. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at $2,114,040. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,086 shares of company stock valued at $3,860,436. Insiders own 12.21% of the company’s stock.

Marriott International Company Profile

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.