Tidal Investments LLC Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Tidal Investments LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,467 shares of the company's stock after selling 5,908 shares during the quarter. Tidal Investments LLC's holdings in Marriott International were worth $2,920,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MAR. Hopwood Financial Services Inc. purchased a new position in Marriott International in the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International in the 4th quarter valued at about $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 buying 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 buying an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Marriott International in the 4th quarter valued at about $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAR has been the topic of a number of research reports. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and raised their price target for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Stifel Nicolaus cut their price objective on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Morgan Stanley cut their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company cut 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 report on Tuesday, February 18th. Finally, Mizuho cut their price objective on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $276.50.

Marriott International Stock Performance

Shares of NASDAQ MAR traded up $7.20 during trading on Tuesday, reaching $264.90. The stock had a trading volume of 331,882 shares, compared to its average volume of 1,854,363. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The business's 50-day moving average price is $241.50 and its 200-day moving average price is $266.56. The company has a market cap of $72.55 billion, a P/E ratio of 31.83, a PEG ratio of 3.42 and a beta of 1.39.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. Analysts forecast that Marriott International, Inc. will post 10.1 EPS 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 paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.01%. This is a boost from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. Marriott International's payout ratio is presently 30.52%.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the transaction, the executive vice president now directly owns 20,724 shares of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.68% of the stock is currently owned by insiders.

Marriott International 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.