Moore Capital Management LP Invests $2.32 Million in Marriott International, Inc. (NASDAQ:MAR)

Moore Capital Management LP bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,301 shares of the company's stock, valued at approximately $2,315,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Land & Buildings Investment Management LLC grew its position in shares of Marriott International by 55.9% in the fourth quarter. Land & Buildings Investment Management LLC now owns 94,880 shares of the company's stock valued at $26,466,000 after purchasing an additional 34,020 shares during the last quarter. Graham Capital Management L.P. grew its position in shares of Marriott International by 32.4% in the fourth quarter. Graham Capital Management L.P. now owns 15,900 shares of the company's stock valued at $4,435,000 after purchasing an additional 3,889 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $439,000. Focus Partners Wealth grew its position in shares of Marriott International by 60.0% in the fourth quarter. Focus Partners Wealth now owns 88,864 shares of the company's stock valued at $25,836,000 after purchasing an additional 33,321 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $877,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Price Performance

Marriott International stock traded up $1.76 during midday trading on Friday, hitting $273.23. 1,235,005 shares of the stock were exchanged, compared to its average volume of 1,606,277. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market cap of $74.84 billion, a P/E ratio of 32.84, a P/E/G ratio of 3.42 and a beta of 1.39. The company has a 50 day moving average price of $239.16 and a two-hundred day moving average price of $266.75.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) 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 quarter in the previous year, the firm posted $2.13 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be issued a $0.67 dividend. The ex-dividend date is Friday, May 23rd. This is a positive change from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 0.98%. Marriott International's payout ratio is 30.52%.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the transaction, the executive vice president now directly owns 20,724 shares of the company's stock, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. The trade was a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,694 shares of company stock valued at $9,208,342 in the last ninety days. Company insiders own 10.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAR. Stifel Nicolaus decreased their target price on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Truist Financial cut their price target 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. Morgan Stanley cut their price target on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, Susquehanna increased their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus target price of $276.60.

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.