DecisionPoint Financial LLC Acquires 3,359 Shares of Marriott International, Inc. (NASDAQ:MAR)

DecisionPoint Financial LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 334.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,363 shares of the company’s stock after buying an additional 3,359 shares during the period. Marriott International accounts for about 0.4% of DecisionPoint Financial LLC’s holdings, making the stock its 19th largest holding. DecisionPoint Financial LLC’s holdings in Marriott International were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MAR. Caprock Group LLC boosted its stake in Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after purchasing an additional 8,463 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Marriott International by 86.8% during the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after buying an additional 20,890 shares during the last quarter. Impax Asset Management Group plc raised its position in Marriott International by 88.4% in the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock worth $2,351,000 after buying an additional 4,892 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Marriott International by 1,487.6% during the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after acquiring an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Marriott International by 14.7% during the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after acquiring an additional 10,197 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Robert W. Baird dropped their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. UBS Group increased their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Truist Financial boosted their price objective on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, Barclays lifted their target price on Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $236.81.

Marriott International Stock Down 2.7 %

Marriott International stock traded down $6.62 during midday trading on Wednesday, reaching $239.00. The stock had a trading volume of 1,566,249 shares, compared to its average volume of 1,423,087. Marriott International, Inc. has a 52-week low of $162.77 and a 52-week high of $260.57. The company has a fifty day moving average of $248.99 and a 200 day moving average of $224.94. The firm has a market cap of $69.06 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. Marriott International’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. Equities research analysts predict that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 20.41%.

Insider Buying and Selling at Marriott International

In related news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the transaction, the chief financial officer now owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 in the last three months. Company insiders own 10.07% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.