Asset Planning Inc Buys New Position in Marriott International, Inc. (NASDAQ:MAR)

Asset Planning Inc bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, HoldingsChannel reports. The firm bought 1,770 shares of the company’s stock, valued at approximately $494,000.

Several other hedge funds have also modified their holdings of the stock. PointState Capital LP purchased a new stake in Marriott International during the 3rd quarter worth approximately $98,249,000. Canoe Financial LP purchased a new stake in Marriott International during the 3rd quarter worth approximately $77,331,000. International Assets Investment Management LLC increased its holdings in Marriott International by 15,148.3% during the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after purchasing an additional 300,543 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Marriott International by 341.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after purchasing an additional 294,898 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after purchasing an additional 116,477 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $288.24 on Friday. The business’s 50-day moving average price is $284.38 and its two-hundred day moving average price is $262.07. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a market capitalization of $80.10 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its earnings results 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 negative return on equity of 177.91% and a net margin of 11.18%. On average, equities analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.87%. Marriott International’s payout ratio is 26.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAR. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group boosted their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. TD Cowen reduced their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Truist Financial boosted their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research report on Wednesday. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $284.45.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, 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 SEC, which is available at this link. 12.32% of the stock is 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.