357 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, HoldingsChannel reports. The firm acquired 357 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors have also recently made changes to their positions in MAR. Longbow Finance SA purchased a new position in Marriott International during the fourth quarter worth about $8,840,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Marriott International in the 4th quarter worth approximately $230,000. FourThought Financial Partners LLC purchased a new stake in shares of Marriott International during the fourth quarter valued at approximately $240,000. Blackhawk Capital Partners LLC. bought a new stake in Marriott International during the fourth quarter worth $223,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in Marriott International in the fourth quarter worth $225,000. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAR. Truist Financial boosted their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Argus increased their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. UBS Group upped their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $284.05.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,640 shares of company stock worth $8,645,668. 10.07% of the stock is currently owned by insiders.

Marriott International Stock Up 0.3 %

Shares of NASDAQ MAR opened at $277.46 on Wednesday. The firm has a market capitalization of $76.49 billion, a P/E ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57. The stock’s 50-day simple moving average is $283.22 and its two-hundred day simple moving average is $266.30. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

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

About Marriott International

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.