Elyxium Wealth LLC Makes New $877,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

Elyxium Wealth LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,144 shares of the company's stock, valued at approximately $877,000.

A number of other large investors also recently bought and sold shares of MAR. Hopwood Financial Services Inc. bought a new position in Marriott International in the 4th quarter worth about $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International in the fourth quarter valued at about $25,000. Bell Investment Advisors Inc lifted its stake in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after buying an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Trading Down 0.5%

Shares of Marriott International stock traded down $1.33 during trading hours on Friday, reaching $257.97. 1,489,028 shares of the company's stock were exchanged, compared to its average volume of 1,602,182. The company has a 50 day moving average of $237.89 and a two-hundred day moving average of $266.44. The stock has a market cap of $70.66 billion, a P/E ratio of 31.01, a P/E/G ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Marriott International's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. As a group, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.98%. Marriott International's dividend payout ratio is currently 28.70%.

Insider Transactions at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,694 shares of company stock valued at $8,938,132. 10.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays cut their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $245.00 target price (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. UBS Group lifted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Melius Research raised shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Fourteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $272.75.

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.