Forum Financial Management LP Purchases 1,238 Shares of Marriott International, Inc. (NASDAQ:MAR)

Forum Financial Management LP raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,139 shares of the company's stock after buying an additional 1,238 shares during the period. Forum Financial Management LP's holdings in Marriott International were worth $3,107,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares of the company's stock, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.68% of the company's stock.

Marriott International Price Performance

Shares of MAR stock traded down $1.64 during trading hours on Thursday, reaching $262.90. The company had a trading volume of 404,749 shares, compared to its average volume of 1,845,196. The business has a fifty day simple moving average of $242.46 and a 200-day simple moving average of $266.54. The company has a market cap of $72.01 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

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

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 1.02%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's payout ratio is 30.52%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group cut their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. BMO Capital Markets boosted their price target on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company lowered their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird boosted their price target on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $276.50.

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.