Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Ghe LLC

Ghe LLC grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,913 shares of the company’s stock after purchasing an additional 364 shares during the period. Marriott International makes up about 0.8% of Ghe LLC’s holdings, making the stock its 28th largest position. Ghe LLC’s holdings in Marriott International were worth $1,928,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Sound Income Strategies LLC increased its position in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing 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 valued at approximately $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at approximately $33,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International during the 4th quarter valued at approximately $33,000. Finally, ORG Partners LLC increased its position in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAR. Stifel Nicolaus raised their target price on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Robert W. Baird raised their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen cut their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $284.05.

Marriott International Stock Down 3.4 %

MAR stock opened at $277.47 on Monday. The firm has a market cap of $76.50 billion, a PE ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57. The business has a 50 day moving average of $283.73 and a 200-day moving average of $265.45. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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%. On average, research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

About Marriott International

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.