Levin Capital Strategies L.P. Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Levin Capital Strategies L.P. bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 984 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently bought and sold shares of MAR. Raymond James & Associates lifted its position in shares of Marriott International by 33.0% during the third quarter. Raymond James & Associates now owns 540,684 shares of the company’s stock worth $106,277,000 after purchasing an additional 134,079 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Marriott International by 14.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 22,976 shares of the company’s stock valued at $4,516,000 after buying an additional 2,858 shares during the last quarter. Stratos Wealth Advisors LLC bought a new stake in shares of Marriott International during the third quarter worth $310,000. Segment Wealth Management LLC boosted its holdings in Marriott International by 2,786.7% in the third quarter. Segment Wealth Management LLC now owns 50,517 shares of the company’s stock valued at $9,930,000 after acquiring an additional 48,767 shares during the last quarter. Finally, Strategic Investment Advisors MI bought a new stake in Marriott International during the 3rd quarter worth about $714,000. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Deborah Marriott Harrison sold 37,300 shares of Marriott International stock in a transaction on Friday, February 16th. The stock was sold at an average price of $241.46, for a total value of $9,006,458.00. Following the sale, the insider now owns 9,100 shares in the company, valued at $2,197,286. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday. Truist Financial boosted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Barclays lifted their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Wells Fargo & Company lowered their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, UBS Group boosted their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $237.31.

Marriott International Price Performance

MAR traded down $0.97 during trading on Friday, hitting $234.59. The stock had a trading volume of 1,572,810 shares, compared to its average volume of 1,456,885. The company has a 50 day moving average price of $247.74 and a 200-day moving average price of $228.13. The firm has a market cap of $67.79 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 5.20 and a beta of 1.61. Marriott International, Inc. has a one year low of $165.13 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 574.15%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period last year, the business earned $2.09 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.48 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is presently 21.47%.

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.