Proficio Capital Partners LLC Raises Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Proficio Capital Partners LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 36,564.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,779 shares of the company’s stock after purchasing an additional 359,795 shares during the quarter. Proficio Capital Partners LLC owned approximately 0.13% of Marriott International worth $100,636,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MAR. PointState Capital LP acquired a new position in Marriott International during the 3rd quarter valued at about $98,249,000. Assenagon Asset Management S.A. increased its position in Marriott International by 341.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after buying an additional 294,898 shares in the last quarter. Mizuho Securities USA LLC increased its position in Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after buying an additional 116,477 shares in the last quarter. National Bank of Canada FI increased its position in Marriott International by 78.5% during the 3rd quarter. National Bank of Canada FI now owns 198,812 shares of the company’s stock valued at $49,425,000 after buying an additional 87,439 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Marriott International during the 3rd quarter valued at about $18,769,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last quarter. 10.07% of the stock is currently owned by corporate insiders.

Marriott International Trading Down 1.8 %

Shares of MAR stock opened at $277.21 on Friday. The company has a market capitalization of $76.43 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.42 and a beta of 1.57. The business’s 50 day moving average is $283.27 and its two-hundred day moving average is $266.49. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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 predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research reports. TD Cowen cut their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Mizuho increased their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial increased their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Barclays cut their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Finally, Sanford C. Bernstein increased their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $284.05.

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.