Metis Global Partners LLC Sells 1,154 Shares of Marriott International, Inc. (NASDAQ:MAR)

Metis Global Partners LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,087 shares of the company’s stock after selling 1,154 shares during the quarter. Metis Global Partners LLC’s holdings in Marriott International were worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust lifted its stake in shares of Marriott International by 3.4% in the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after purchasing an additional 43 shares during the period. Argus Investors Counsel Inc. lifted its holdings in shares of Marriott International by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after buying an additional 45 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Marriott International by 2.8% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock valued at $377,000 after buying an additional 45 shares during the last quarter. LGL Partners LLC lifted its stake in shares of Marriott International by 1.9% during the fourth quarter. LGL Partners LLC now owns 2,630 shares of the company’s stock worth $593,000 after buying an additional 50 shares during the period. Finally, ORG Partners LLC boosted its position in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Mizuho lifted their price target on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Truist Financial increased their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Robert W. Baird raised their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company cut their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Finally, Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $241.33.

Insider Activity

In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total transaction of $617,240.00. Following the transaction, the director now directly owns 1,472 shares in the company, valued at approximately $349,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marriott International news, EVP Drew Pinto sold 1,404 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $242.87, for a total value of $340,989.48. Following the transaction, the executive vice president now owns 5,996 shares of the company’s stock, valued at $1,456,248.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the completion of the sale, the director now owns 1,472 shares in the company, valued at $349,452.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,003 shares of company stock worth $30,435,493. 10.07% of the stock is currently owned by company insiders.

Marriott International Trading Down 0.4 %

Marriott International stock opened at $235.00 on Wednesday. The stock has a fifty day moving average price of $246.89 and a 200 day moving average price of $229.50. Marriott International, Inc. has a 52 week low of $165.13 and a 52 week high of $260.57. The firm has a market capitalization of $67.12 billion, a P/E ratio of 24.25, a PEG ratio of 4.44 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last issued its earnings results 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). The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $2.09 earnings per share. As a group, equities analysts predict that Marriott International, Inc. will post 9.5 EPS for the current year.

Marriott International Announces Dividend

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

About Marriott International

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.