Graham Capital Management L.P. Buys 3,889 Shares of Marriott International, Inc. (NASDAQ:MAR)

Graham Capital Management L.P. lifted its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,900 shares of the company's stock after buying an additional 3,889 shares during the period. Graham Capital Management L.P.'s holdings in Marriott International were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MAR. FMR LLC grew its position in Marriott International by 0.8% during the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock valued at $1,945,299,000 after buying an additional 56,978 shares during the period. Geode Capital Management LLC lifted its position in Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock valued at $1,398,321,000 after purchasing an additional 60,458 shares in the last quarter. Capital International Investors grew its holdings in Marriott International by 0.3% during the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company's stock valued at $1,316,682,000 after purchasing an additional 15,923 shares during the period. Wellington Management Group LLP raised its stake in shares of Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after buying an additional 1,570,144 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after buying an additional 512,963 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company'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 approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 in the last ninety days. Corporate insiders own 10.68% of the company's stock.

Marriott International Stock Down 0.5 %

Shares of Marriott International stock opened at $257.97 on Friday. The stock's fifty day moving average is $237.89 and its two-hundred day moving average is $266.34. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company has a market capitalization of $70.66 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39.

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

Marriott International Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Robert W. Baird raised their target price on shares of Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Jefferies Financial Group lowered their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Truist Financial cut their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a research note on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $272.75.

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.

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