PKO Investment Management Joint Stock Co Takes $3.71 Million Position in Marriott International, Inc. (NASDAQ:MAR)

PKO Investment Management Joint Stock Co acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,300 shares of the company's stock, valued at approximately $3,710,000.

Several other hedge funds also recently made changes to their positions in MAR. Hopwood Financial Services Inc. acquired a new stake in Marriott International during the 4th quarter worth about $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc lifted its position in shares of 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. Wingate Wealth Advisors Inc. acquired a new position in Marriott International in the 4th quarter worth approximately $33,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Marriott International during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 20,724 shares of the company's stock, valued at $5,599,832.04. This represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.68% of the company's stock.

Marriott International Price Performance

NASDAQ:MAR traded down $0.12 during midday trading on Friday, reaching $263.49. The stock had a trading volume of 1,245,300 shares, compared to its average volume of 1,610,111. The stock has a market capitalization of $72.17 billion, a P/E ratio of 31.67, a PEG ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm's fifty day simple moving average is $242.88 and its 200-day simple moving average is $266.39.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.67 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAR. Stifel Nicolaus decreased their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Truist Financial lowered their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Robert W. Baird upped their price objective on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Mizuho decreased their target price on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and an average price target of $275.15.

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.