3,074 Shares in Marriott International, Inc. $MAR Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in Marriott International, Inc. (NASDAQ:MAR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,074 shares of the company’s stock, valued at approximately $1,093,000.

Several other hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. increased its holdings in shares of Marriott International by 4,398.1% in the third quarter. Valley National Advisers Inc. now owns 7,017 shares of the company’s stock worth $2,496,000 after acquiring an additional 6,861 shares in the last quarter. Integrity Alliance LLC. lifted its holdings in shares of Marriott International by 375.1% during the 3rd quarter. Integrity Alliance LLC. now owns 3,240 shares of the company’s stock valued at $1,152,000 after purchasing an additional 2,558 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Marriott International by 62.5% during the 2nd quarter. Tidal Investments LLC now owns 34,640 shares of the company’s stock valued at $12,837,000 after purchasing an additional 13,322 shares in the last quarter. VMS Asset Management Limited acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $2,927,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $1,249,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on MAR. Citigroup raised their target price on shares of Marriott International from $365.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a report on Wednesday, November 4th. Wells Fargo & Company lifted their price target on Marriott International from $426.00 to $463.00 and gave the company an “overweight” rating in a research note on Tuesday, November 3rd. Truist Financial boosted their price target on Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Finally, Erste Group Bank started coverage on Marriott International in a research report on Thursday, August 27th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.04.

Marriott International Stock Down 1.1%

Shares of NASDAQ MAR opened at $424.66 on Friday. The company has a market cap of $109.35 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. Marriott International, Inc. has a twelve month low of $280.99 and a twelve month high of $433.30. The business’s 50 day moving average price is $373.06 and its two-hundred day moving average price is $360.25.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the prior year, the business earned $2.47 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts anticipate that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International’s dividend payout ratio (DPR) is currently 29.14%.

Insider Activity at Marriott International

In related news, CEO Anthony Capuano sold 63,355 shares of Marriott International stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $420.12, for a total transaction of $26,616,702.60. Following the completion of the sale, the chief executive officer owned 50,867 shares of the company’s stock, valued at approximately $21,370,244.04. The trade was a 55.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Felitia Lee sold 736 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $425.85, for a total transaction of $313,425.60. Following the completion of the transaction, the chief accounting officer owned 5,634 shares in the company, valued at approximately $2,399,238.90. This trade represents a 11.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 90,545 shares of company stock worth $37,606,415 in the last quarter. 11.43% of the stock is owned by corporate insiders.

About Marriott International

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.