18,522 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by TCG Advisory Services LLC

TCG Advisory Services LLC purchased a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,522 shares of the company's stock, valued at approximately $4,177,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Forte Capital LLC ADV boosted its holdings in shares of Marriott International by 16.8% during the 4th quarter. Forte Capital LLC ADV now owns 1,602 shares of the company's stock valued at $361,000 after purchasing an additional 230 shares during the last quarter. First National Trust Co bought a new stake in Marriott International in the 4th quarter worth approximately $211,000. Legacy Financial Advisors Inc. raised its holdings in shares of Marriott International by 6.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,456 shares of the company's stock worth $328,000 after acquiring an additional 87 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Marriott International in the fourth quarter valued at $14,410,000. Finally, Axxcess Wealth Management LLC increased its position in Marriott International by 2.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 11,310 shares of the company's stock worth $2,550,000 after purchasing an additional 259 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Price Performance

Marriott International stock traded down $0.97 during mid-day trading on Friday, reaching $234.59. 1,572,856 shares of the company traded hands, compared to its average volume of 1,539,790. The firm's fifty day moving average is $247.40 and its two-hundred day moving average is $228.39. The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 5.24 and a beta of 1.61. Marriott International, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The firm had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $2.09 EPS. As a group, equities research analysts predict that Marriott International, Inc. will post 9.49 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International's dividend payout ratio is presently 21.47%.

Insider Buying and Selling at Marriott International

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares of the company's stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares of the company's stock, valued at $8,841,063.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares of the company's stock, valued at approximately $18,085.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,003 shares of company stock worth $30,435,493. Company insiders own 12.32% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on MAR shares. Wells Fargo & Company reduced their price target on shares of Marriott International from $250.00 to $248.00 and set an "equal weight" rating on the stock in a research note on Thursday. UBS Group boosted their price target on Marriott International from $210.00 to $259.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. BMO Capital Markets lifted their target price on Marriott International from $235.00 to $240.00 and gave the company a "market perform" rating in a research report on Thursday. Mizuho increased their price target on Marriott International from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Robert W. Baird lifted their price objective on Marriott International from $248.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Marriott International currently has an average rating of "Hold" and an average target price of $241.33.

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.