Hanson & Doremus Investment Management Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Hanson & Doremus Investment Management raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1,935.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 631 shares of the company’s stock after purchasing an additional 600 shares during the period. Hanson & Doremus Investment Management’s holdings in Marriott International were worth $176,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sound Income Strategies LLC grew its stake in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Silvant Capital Management LLC purchased a new position in Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC purchased a new position in Marriott International during the third quarter valued at approximately $33,000. ORG Partners LLC lifted its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Marriott International during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 in the last three months. 12.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAR. Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Truist Financial boosted their price objective on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $272.15.

Marriott International Trading Up 1.0 %

Shares of NASDAQ MAR opened at $292.54 on Friday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The firm has a market capitalization of $81.29 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 4.64 and a beta of 1.57. The firm has a fifty day simple moving average of $282.75 and a two-hundred day simple moving average of $258.45.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share. On average, sell-side analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a $0.63 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.86%. Marriott International’s payout ratio is 26.36%.

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, City Express by Marriott, and St.