Hudson Bay Capital Management LP lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 59.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,893 shares of the company's stock after selling 54,497 shares during the period. Hudson Bay Capital Management LP's holdings in Marriott International were worth $10,291,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Wescott Financial Advisory Group LLC raised its stake in shares of Marriott International by 0.6% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock valued at $1,549,000 after buying an additional 35 shares during the last quarter. TFG Advisers LLC raised its position in Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock valued at $1,235,000 after acquiring an additional 37 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Marriott International by 1.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock valued at $918,000 after acquiring an additional 38 shares in the last quarter. Evermay Wealth Management LLC grew its stake in shares of Marriott International by 1.1% during the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after purchasing an additional 38 shares during the period. Finally, Essex Financial Services Inc. increased its holdings in Marriott International by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock valued at $838,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.
Marriott International Stock Down 0.4%
NASDAQ MAR traded down $1.12 during trading on Thursday, hitting $271.47. The stock had a trading volume of 1,483,533 shares, compared to its average volume of 1,604,760. The company has a market capitalization of $74.35 billion, a PE ratio of 32.63, a PEG ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a 50 day moving average price of $238.33 and a 200 day moving average price of $266.61.
Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the firm earned $2.13 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current 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 0.99%. 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 at Marriott International
In related news, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares of the company's stock, valued at $8,831,393.97. This represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of Marriott International 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 sale, the executive vice president now directly owns 20,724 shares of the company's stock, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,694 shares of company stock valued at $9,208,342 in the last quarter. Corporate insiders own 10.68% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company cut their target price on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Argus lifted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Truist Financial reduced their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Robert W. Baird lifted their price target on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Thirteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $276.60.
Check Out Our Latest Stock Report on Marriott International
About Marriott International
(
Free Report)
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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