Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Forte Capital LLC ADV

Forte Capital LLC ADV boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,602 shares of the company’s stock after buying an additional 230 shares during the period. Forte Capital LLC ADV’s holdings in Marriott International were worth $361,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Marriott International in the 3rd quarter worth about $25,000. ORG Partners LLC raised its holdings in shares of Marriott International by 72.6% in 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 purchased a new position in shares of Marriott International in the 4th quarter worth about $30,000. Anchor Investment Management LLC purchased a new position in shares of Marriott International in the 4th quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Marriott International in the 4th quarter worth about $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAR has been the topic of a number of research reports. Barclays raised their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. BMO Capital Markets raised their target price on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday. UBS Group raised their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Robert W. Baird raised their target price on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Argus raised their target price on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $241.33.

Marriott International Stock Down 0.4 %

Shares of MAR traded down $0.97 during mid-day trading on Friday, hitting $234.59. The stock had a trading volume of 1,572,856 shares, compared to its average volume of 1,539,790. Marriott International, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $260.57. The company has a market cap of $67.00 billion, a PE ratio of 24.21, a PEG ratio of 5.24 and a beta of 1.61. The company’s fifty day simple moving average is $247.40 and its two-hundred day simple moving average is $228.39.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data 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). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts expect that Marriott International, Inc. will post 9.49 earnings per share for the current year.

Marriott International Dividend Announcement

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

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International 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 sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction 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 directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 in the last quarter. Corporate insiders own 12.32% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.