295 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by Graney & King LLC

Graney & King LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 295 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MAR. NewEdge Wealth LLC raised its stake in Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after acquiring an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Marriott International during the third quarter worth about $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in Marriott International during the fourth quarter valued at approximately $2,990,000. Markel Group Inc. grew its holdings in shares of Marriott International by 30.6% in the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock worth $13,110,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Covea Finance increased its stake in Marriott International by 69.9% in the 4th quarter. Covea Finance now owns 60,540 shares of the company’s stock worth $16,887,000 after purchasing an additional 24,900 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 1.5 %

Shares of MAR stock opened at $246.48 on Wednesday. The firm has a 50-day moving average price of $274.34 and a 200 day moving average price of $270.60. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market capitalization of $67.95 billion, a P/E ratio of 29.63, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, research 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. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. Marriott International’s payout ratio is 30.29%.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total value 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. The trade was a 12.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Argus upped their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Jefferies Financial Group raised their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Truist Financial reduced their price target 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. Finally, Morgan Stanley boosted their price objective on shares of Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. 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.com, Marriott International presently has a consensus rating of “Hold” and an average price target of $286.05.

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.