Mercer Global Advisors Inc. ADV Raises Position in Marriott International, Inc. (NASDAQ:MAR)

Mercer Global Advisors Inc. ADV increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,195 shares of the company's stock after buying an additional 4,514 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Marriott International were worth $13,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Marriott International in the 3rd quarter valued at approximately $1,260,000. Tidal Investments LLC raised its holdings in shares of Marriott International by 86.8% in the third quarter. Tidal Investments LLC now owns 16,375 shares of the company's stock worth $4,071,000 after buying an additional 7,607 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Marriott International by 1.7% during the third quarter. Principal Financial Group Inc. now owns 263,638 shares of the company's stock worth $65,540,000 after buying an additional 4,301 shares during the period. Old Port Advisors acquired a new position in shares of Marriott International in the 4th quarter valued at $220,000. Finally, Versant Capital Management Inc raised its stake in Marriott International by 80.2% in the 4th quarter. Versant Capital Management Inc now owns 638 shares of the company's stock worth $178,000 after acquiring an additional 284 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $245.00 price objective (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Wells Fargo & Company reduced 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 research report on Tuesday, February 18th. Truist Financial cut their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Finally, Melius Research raised Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Marriott International has a consensus rating of "Hold" and a consensus target price of $273.10.

Insider Buying and Selling at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. Insiders own 10.68% of the company's stock.

Marriott International Stock Up 2.3 %

Shares of NASDAQ MAR opened at $249.47 on Friday. The firm has a market cap of $68.84 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The company's 50-day simple moving average is $240.20 and its 200-day simple moving average is $266.69. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

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

Marriott International Dividend Announcement

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

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.

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