Triangle Securities Wealth Management Buys New Stake in Marriott International, Inc. (NASDAQ:MAR)

Triangle Securities Wealth Management acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,293 shares of the company’s stock, valued at approximately $490,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Abundance Wealth Counselors boosted its stake in Marriott International by 0.8% during the third quarter. Abundance Wealth Counselors now owns 7,709 shares of the company’s stock worth $1,080,000 after buying an additional 64 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Marriott International by 2.4% during the second quarter. Quadrant Capital Group LLC now owns 2,809 shares of the company’s stock worth $382,000 after purchasing an additional 65 shares during the last quarter. One Capital Management LLC lifted its position in shares of Marriott International by 2.0% during the third quarter. One Capital Management LLC now owns 3,474 shares of the company’s stock worth $486,000 after purchasing an additional 68 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of Marriott International by 3.7% during the third quarter. CreativeOne Wealth LLC now owns 1,913 shares of the company’s stock worth $268,000 after purchasing an additional 69 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Marriott International by 1.8% during the third quarter. Metis Global Partners LLC now owns 4,092 shares of the company’s stock worth $573,000 after purchasing an additional 71 shares during the last quarter. 58.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $170.03, for a total transaction of $425,075.00. Following the completion of the transaction, the insider now directly owns 17,738 shares of the company’s stock, valued at approximately $3,015,992.14. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider William P. Brown sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $170.03, for a total transaction of $425,075.00. Following the completion of the transaction, the insider now directly owns 17,738 shares of the company’s stock, valued at approximately $3,015,992.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kathleen K. Oberg sold 5,765 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $179.18, for a total value of $1,032,972.70. Following the transaction, the chief financial officer now directly owns 20,630 shares of the company’s stock, valued at $3,696,483.40. The disclosure for this sale can be found here. Insiders sold a total of 22,086 shares of company stock valued at $3,860,436 in the last three months. 12.21% of the stock is currently owned by company insiders.

Marriott International Trading Down 1.5 %

Marriott International stock opened at $158.77 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 16.51. Marriott International, Inc. has a 12 month low of $131.01 and a 12 month high of $195.90. The stock’s 50 day simple moving average is $168.89 and its two-hundred day simple moving average is $158.69. The firm has a market cap of $48.92 billion, a PE ratio of 21.87, a P/E/G ratio of 0.70 and a beta of 1.58.

Marriott International (NASDAQ:MAR – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. Marriott International had a return on equity of 168.43% and a net margin of 11.35%. The business had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 7.75 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, February 24th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. This is an increase from Marriott International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, February 23rd. Marriott International’s dividend payout ratio is presently 22.04%.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAR shares. Citigroup downgraded Marriott International from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $170.00 to $175.00 in a research report on Wednesday, December 14th. StockNews.com started coverage on Marriott International in a report on Thursday. They issued a “buy” rating for the company. Morgan Stanley lifted their price objective on Marriott International from $193.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. BMO Capital Markets lifted their price objective on Marriott International from $163.00 to $183.00 and gave the company a “market perform” rating in a report on Wednesday, February 15th. Finally, Jefferies Financial Group downgraded Marriott International from a “buy” rating to a “hold” rating and set a $166.00 price objective for the company. in a report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $180.50.

Marriott International Company Profile

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.