NorthRock Partners LLC Purchases 2,056 Shares of Marriott International, Inc. (NASDAQ:MAR)

NorthRock Partners LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 138.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,541 shares of the company's stock after buying an additional 2,056 shares during the period. NorthRock Partners LLC's holdings in Marriott International were worth $988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International in the 4th quarter valued at about $25,000. Bell Investment Advisors Inc increased its stake in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC increased its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Marriott International during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on MAR shares. Melius Research raised shares of Marriott International to a "strong-buy" rating in a research note on Monday, April 21st. BMO Capital Markets boosted their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, Truist Financial reduced 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 report on Friday, March 21st. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Marriott International has a consensus rating of "Moderate Buy" and a consensus target price of $276.60.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president now directly owns 20,724 shares in the company, valued at $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,694 shares of company stock valued at $9,208,342 in the last three months. 10.68% of the stock is currently owned by company insiders.

Marriott International Trading Down 1.5%

Shares of MAR stock traded down $4.02 on Tuesday, hitting $269.17. The stock had a trading volume of 391,965 shares, compared to its average volume of 1,599,511. The firm has a market cap of $73.73 billion, a P/E ratio of 32.36, a PEG ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The company has a fifty day moving average price of $239.74 and a two-hundred day moving average price of $266.88.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Marriott International's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 EPS. On average, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is 30.52%.

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, City Express by Marriott, and St.