Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by InTrack Investment Management Inc

InTrack Investment Management Inc boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,126 shares of the company’s stock after purchasing an additional 91 shares during the period. InTrack Investment Management Inc’s holdings in Marriott International were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at about $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International during the third quarter worth about $33,000. Cyrus J. Lawrence LLC purchased a new position in Marriott International in the second quarter valued at about $36,000. ORG Partners LLC boosted its stake in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Marriott International in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MAR shares. TD Cowen lowered their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Sanford C. Bernstein lifted their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird increased their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Barclays upped their target price on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $272.15.

Insider Transactions at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,815 shares of company stock valued at $3,919,739. Insiders own 10.07% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $277.18 on Friday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The stock’s 50-day simple moving average is $282.60 and its 200-day simple moving average is $255.65. The firm has a market cap of $77.03 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is currently 26.36%.

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, City Express by Marriott, and St.