Adelante Capital Management LLC Has $13.57 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Adelante Capital Management LLC boosted its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,658 shares of the company's stock after purchasing an additional 3,667 shares during the quarter. Marriott International comprises 0.9% of Adelante Capital Management LLC's holdings, making the stock its 26th biggest position. Adelante Capital Management LLC's holdings in Marriott International were worth $13,572,000 at the end of the most recent quarter.

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

Marriott International Trading Up 2.3 %

MAR stock traded up $5.52 during mid-day trading on Friday, hitting $249.47. The stock had a trading volume of 1,301,990 shares, compared to its average volume of 1,585,998. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The company has a fifty day moving average of $240.20 and a 200 day moving average of $266.72. The stock has a market capitalization of $68.84 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. Marriott International's dividend payout ratio is currently 30.29%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAR. Morgan Stanley decreased their target price on Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Barclays lowered their price objective on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial reduced their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Finally, Jefferies Financial Group reduced their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $273.10.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction 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 transaction, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. Insiders own 10.68% of the company's stock.

Marriott International Company 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.