Marriott International, Inc. $MAR Position Cut by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 49.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,255 shares of the company’s stock after selling 3,243 shares during the period. Fulcrum Asset Management LLP’s holdings in Marriott International were worth $1,177,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MAR. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Marriott International during the first quarter worth $25,000. Wilkerson Advisory Group LLC increased its position in shares of Marriott International by 127.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after buying an additional 47 shares in the last quarter. IMG Wealth Management Inc. increased its position in shares of Marriott International by 100.0% in the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 41 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Marriott International during the 1st quarter worth $32,000. Finally, Meeder Asset Management Inc. raised its stake in Marriott International by 57.6% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the company’s stock worth $34,000 after buying an additional 38 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAR. Morgan Stanley lifted their target price on Marriott International from $384.00 to $403.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Truist Financial increased their price target on Marriott International from $356.00 to $360.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. UBS Group dropped their price target on Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Citigroup lifted their price objective on Marriott International from $365.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, November 6th. Finally, Barclays boosted their price objective on Marriott International from $363.00 to $409.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $399.04.

Insider Transactions at Marriott International

In other news, insider David S. Marriott sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the sale, the insider directly owned 282,383 shares in the company, valued at $99,424,230.47. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deborah Harrison sold 3,500 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the completion of the sale, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 77,824 shares of company stock worth $32,243,110. Corporate insiders own 11.43% of the company’s stock.

Marriott International Price Performance

MAR opened at $429.18 on Thursday. The business’s 50-day moving average price is $371.23 and its two-hundred day moving average price is $359.71. Marriott International, Inc. has a 1 year low of $280.99 and a 1 year high of $433.30. The company has a market capitalization of $110.52 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 3.07 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.93 billion. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 earnings per share. Sell-side analysts anticipate that Marriott International, Inc. will post 12.10 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 Thursday, December 31st. Shareholders of record on Thursday, November 19th will be paid a $0.73 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.92 annualized dividend and a yield of 0.7%. Marriott International’s payout ratio is presently 29.14%.

Marriott International Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.