MONECO Advisors LLC Makes New $216,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

MONECO Advisors LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, Holdings Channel reports. The fund acquired 775 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also made changes to their positions in MAR. PointState Capital LP acquired a new stake in shares of Marriott International during the third quarter worth $98,249,000. Assenagon Asset Management S.A. lifted its stake in shares of Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after buying an additional 294,898 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of Marriott International by 629.7% during the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after buying an additional 116,477 shares during the period. National Bank of Canada FI lifted its position in Marriott International by 78.5% during the third quarter. National Bank of Canada FI now owns 198,812 shares of the company’s stock valued at $49,425,000 after purchasing an additional 87,439 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in Marriott International during the third quarter valued at $18,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Up 0.3 %

MAR opened at $277.46 on Wednesday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The company has a 50-day moving average price of $283.22 and a 200 day moving average price of $266.30. The company has a market cap of $76.49 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released 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 net margin of 9.46% and a negative return on equity of 116.67%. As a group, sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International’s payout ratio is 30.29%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein boosted their target price on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, UBS Group upped their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus price target of $284.05.

Insider Buying and Selling at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,640 shares of company stock worth $8,645,668. Insiders own 10.07% of the company’s stock.

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.