Connecticut Wealth Management LLC Acquires 3,529 Shares of Marriott International, Inc. (NASDAQ:MAR)

Connecticut Wealth Management LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 114.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,624 shares of the company’s stock after acquiring an additional 3,529 shares during the period. Connecticut Wealth Management LLC’s holdings in Marriott International were worth $1,494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. OFI Invest Asset Management purchased a new position in Marriott International during the 3rd quarter worth $25,000. ORG Partners LLC increased its holdings in 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 purchased a new position in Marriott International during the 4th quarter worth $30,000. Anchor Investment Management LLC purchased a new position in Marriott International during the 4th quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Marriott International during the 4th quarter worth $33,000. 70.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MAR shares. Barclays lifted their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Argus lifted their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Wells Fargo & Company dropped their target price on 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 target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Robert W. Baird boosted their target price on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $241.33.

Marriott International Stock Performance

Shares of MAR stock traded down $0.97 during trading hours on Friday, reaching $234.59. The company had a trading volume of 1,572,856 shares, compared to its average volume of 1,539,790. The stock has a fifty day moving average of $247.40 and a 200-day moving average of $228.85. The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 5.21 and a beta of 1.61. Marriott International, Inc. has a 12-month low of $165.13 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 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 business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Marriott International, Inc. will post 9.5 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared 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 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 (DPR) is 21.47%.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction 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 in the company, valued at $18,085.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the sale, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 over the last ninety days. Corporate insiders own 12.32% 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.