Marriott International, Inc. (NASDAQ:MAR) Holdings Trimmed by Mcdonald Partners LLC

Mcdonald Partners LLC trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,304 shares of the company’s stock after selling 100 shares during the quarter. Mcdonald Partners LLC’s holdings in Marriott International were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International during the third quarter worth $793,000. BayBridge Capital Group LLC acquired a new stake in Marriott International during the 3rd quarter worth about $1,254,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after buying an additional 2,723 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Marriott International in the third quarter worth approximately $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new stake in shares of Marriott International during the third quarter valued at approximately $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.6 %

Shares of NASDAQ MAR opened at $283.52 on Tuesday. 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 has a fifty day simple moving average of $284.05 and a 200 day simple moving average of $263.44. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. On average, research analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date of this dividend 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 presently 26.36%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAR. Stifel Nicolaus lifted their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Susquehanna lifted their price target on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial boosted their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. UBS Group lifted their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group raised their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $284.45.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.32% of the stock is currently owned by corporate insiders.

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.