HF Advisory Group LLC Raises Position in Marriott International, Inc. (NASDAQ:MAR)

HF Advisory Group LLC boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,077 shares of the company’s stock after buying an additional 491 shares during the period. HF Advisory Group LLC’s holdings in Marriott International were worth $1,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of Marriott International during the third quarter valued at approximately $25,000. Resurgent Financial Advisors LLC purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $28,000. Finally, ORG Partners LLC increased its position in shares of Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAR has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Jefferies Financial Group raised their price target on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Mizuho began coverage on shares of Marriott International in a research report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price target for the company. Wells Fargo & Company lifted their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, Barclays lifted their target price on shares of Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $236.81.

Insiders Place Their Bets

In other news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $237.40, for a total transaction of $617,240.00. Following the transaction, the director now owns 1,472 shares in the company, valued at $349,452.80. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock worth $30,435,493 in the last 90 days. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

Shares of Marriott International stock traded up $0.78 on Thursday, hitting $239.24. 355,790 shares of the company’s stock were exchanged, compared to its average volume of 1,424,871. The company has a 50-day simple moving average of $248.80 and a 200-day simple moving average of $225.04. The stock has a market capitalization of $69.13 billion, a PE ratio of 23.40, a PEG ratio of 1.79 and a beta of 1.62. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the company posted $1.96 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is currently 20.41%.

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.