Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,503 shares of the company’s stock after selling 315 shares during the period. Thoroughbred Financial Services LLC’s holdings in Marriott International were worth $1,256,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MAR. Benjamin Edwards Inc. raised its holdings in shares of Marriott International by 4,324.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,486 shares of the company’s stock valued at $1,364,000 after buying an additional 5,362 shares during the period. Hilltop Holdings Inc. purchased a new stake in shares of Marriott International during the third quarter valued at approximately $270,000. Quantinno Capital Management LP lifted its position in shares of Marriott International by 42.2% during the third quarter. Quantinno Capital Management LP now owns 29,498 shares of the company’s stock worth $7,333,000 after purchasing an additional 8,753 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Marriott International in the third quarter valued at $220,000. Finally, Two Sigma Advisers LP purchased a new stake in Marriott International during the 3rd quarter worth $18,769,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial decreased their price objective on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their price objective on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group upped their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Mizuho raised their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Susquehanna upped their price target on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $286.05.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $214.58 on Friday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a market capitalization of $59.22 billion, a PE ratio of 25.79, a P/E/G ratio of 3.42 and a beta of 1.42. The business’s fifty day moving average price is $267.40 and its two-hundred day moving average price is $270.38.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. Marriott International’s payout ratio is 30.29%.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

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.