Crake Asset Management LLP Buys Shares of 283,900 Marriott International, Inc. (NASDAQ:MAR)

Crake Asset Management LLP acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 283,900 shares of the company's stock, valued at approximately $64,022,000. Marriott International comprises 6.1% of Crake Asset Management LLP's holdings, making the stock its 7th largest position. Crake Asset Management LLP owned about 0.10% of Marriott International as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Marriott International during the 3rd quarter worth $25,000. ORG Partners LLC grew its holdings 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 purchasing an additional 53 shares during the period. Keener Financial Planning LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new position in Marriott International during the fourth quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Marriott International during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Buying and Selling

In other news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the transaction, the chief executive officer now owns 93,323 shares of the company's stock, valued at $23,188,899.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Anthony Capuano sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now owns 93,323 shares of the company's stock, valued at $23,188,899.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at $18,085.68. The disclosure for this sale can be found here. Insiders sold 81,540 shares of company stock valued at $19,955,286 in the last three months. 12.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of Marriott International from $239.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday, April 19th. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Robert W. Baird upped their target price on shares of Marriott International from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, May 2nd. Truist Financial boosted their price target on Marriott International from $233.00 to $263.00 and gave the stock a "hold" rating in a research note on Wednesday, February 14th. Finally, BMO Capital Markets increased their target price on Marriott International from $235.00 to $240.00 and gave the company a "market perform" rating in a research note on Thursday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $241.33.

Marriott International Price Performance

Shares of NASDAQ MAR traded down $1.23 during mid-day trading on Friday, hitting $237.73. The company had a trading volume of 1,217,046 shares, compared to its average volume of 1,432,705. The stock has a market cap of $67.90 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 4.49 and a beta of 1.61. The firm's 50 day simple moving average is $245.11 and its two-hundred day simple moving average is $232.28. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same period last year, the firm posted $2.09 EPS. The business's revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.52. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. Marriott International's payout ratio is currently 21.47%.

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.

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