Signaturefd LLC Increases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Signaturefd LLC lifted its position in Marriott International, Inc. (NASDAQ:MARFree Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,883 shares of the company’s stock after purchasing an additional 437 shares during the quarter. Signaturefd LLC’s holdings in Marriott International were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nicholas Hoffman & Company LLC. increased its stake in Marriott International by 16.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,203 shares of the company’s stock worth $271,000 after acquiring an additional 174 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Marriott International by 4.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 5,947 shares of the company’s stock valued at $1,341,000 after purchasing an additional 231 shares in the last quarter. abrdn plc lifted its position in Marriott International by 64.3% during the fourth quarter. abrdn plc now owns 102,617 shares of the company’s stock valued at $23,141,000 after purchasing an additional 40,142 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Marriott International by 6.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 2,545 shares of the company’s stock worth $574,000 after buying an additional 162 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Marriott International during the 4th quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,003 shares of company stock valued at $30,435,493. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $236.00 on Monday. Marriott International, Inc. has a fifty-two week low of $162.77 and a fifty-two week high of $260.57. The company has a market capitalization of $68.20 billion, a PE ratio of 23.16, a P/E/G ratio of 1.72 and a beta of 1.62. The company has a 50 day moving average price of $248.31 and a 200-day moving average price of $225.87.

Marriott International (NASDAQ:MARGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 EPS. On average, analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays lifted their price target on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday. Mizuho began coverage on Marriott International in a report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price target on the stock. Truist Financial lifted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. UBS Group increased their target price on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Jefferies Financial Group upped their price target on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $236.88.

Read Our Latest Report on MAR

About Marriott International

(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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

Featured Stories

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MARFree Report).

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

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.