DecisionPoint Financial LLC Boosts Stake in Marriott International, Inc. (NASDAQ:MAR)

DecisionPoint Financial LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 334.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,363 shares of the company's stock after buying an additional 3,359 shares during the period. Marriott International makes up approximately 0.4% of DecisionPoint Financial LLC's holdings, making the stock its 19th largest holding. DecisionPoint Financial LLC's holdings in Marriott International were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAR. OFI Invest Asset Management purchased a new stake in Marriott International in the third quarter worth $25,000. Resurgent Financial Advisors LLC bought a new position in shares of Marriott International during the 4th quarter worth $25,000. ICA Group Wealth Management LLC bought a new position in shares of Marriott International during the 4th quarter worth $28,000. Coppell Advisory Solutions Corp. bought a new position in shares of Marriott International during the 4th quarter worth $28,000. Finally, ORG Partners LLC grew its position in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company's stock worth $29,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

MAR stock traded down $7.16 during trading on Wednesday, hitting $238.46. 2,682,472 shares of the company traded hands, compared to its average volume of 1,440,208. The stock's 50-day simple moving average is $248.99 and its 200 day simple moving average is $224.94. The company has a market cap of $68.91 billion, a PE ratio of 23.35, a P/E/G ratio of 1.81 and a beta of 1.62. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the company earned $1.96 earnings per share. Marriott International's quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, February 21st. Marriott International's payout ratio is currently 20.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird dropped their price target on Marriott International from $250.00 to $248.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 14th. Truist Financial raised their price objective on Marriott International from $233.00 to $263.00 and gave the company a "hold" rating in a research report on Wednesday, February 14th. Jefferies Financial Group raised their price objective on Marriott International from $205.00 to $227.00 and gave the company a "hold" rating in a research report on Tuesday, January 2nd. Mizuho started coverage on Marriott International in a research report on Tuesday, March 26th. They set a "neutral" rating and a $263.00 price objective on the stock. Finally, UBS Group raised their price objective on Marriott International from $210.00 to $259.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $236.81.

Insider Buying and Selling at Marriott International

In other news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now directly owns 72 shares of the company's stock, valued at $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares of the company's stock, valued at $8,841,063.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Hippeau sold 1,400 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company's stock, valued at $18,085.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. Company insiders own 10.07% 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.