Nilsine Partners LLC Grows Position in Marriott International, Inc. (NASDAQ:MAR)

Nilsine Partners LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 30.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,806 shares of the company’s stock after acquiring an additional 896 shares during the quarter. Nilsine Partners LLC’s holdings in Marriott International were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its position in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares in the last quarter. Silvant Capital Management LLC purchased a new position in shares of Marriott International during the 3rd quarter worth $31,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International during the 3rd quarter valued at about $33,000. ORG Partners LLC increased its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Marriott International during the third quarter worth about $40,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAR. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company boosted 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. Finally, Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $272.15.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is currently owned by insiders.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $288.64 on Wednesday. The stock’s 50-day moving average is $282.37 and its two-hundred day moving average is $257.90. The company has a market cap of $80.21 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45.

Marriott International (NASDAQ:MAR) last issued its 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 net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the business earned $2.11 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

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.