Catalyst Financial Partners LLC Acquires 49 Shares of Marriott International, Inc. (NASDAQ:MAR)

Catalyst Financial Partners LLC boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 870 shares of the company’s stock after purchasing an additional 49 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Marriott International were worth $243,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MAR. PointState Capital LP bought a new stake in Marriott International during the 3rd quarter valued at approximately $98,249,000. Canoe Financial LP bought a new stake in Marriott International during the 3rd quarter valued at approximately $77,331,000. International Assets Investment Management LLC lifted its position in shares of Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after acquiring an additional 300,543 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in shares of Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after acquiring an additional 116,477 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of MAR opened at $283.52 on Friday. The firm has a market capitalization of $78.79 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 4.88 and a beta of 1.57. The business’s fifty day moving average price is $284.30 and its two-hundred day moving average price is $262.26. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. As a group, research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is currently 26.36%.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Mizuho raised their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday. Argus raised their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Finally, Truist Financial increased their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $284.45.

Marriott International Company 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.