Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,510 shares of the company’s stock after acquiring an additional 171 shares during the period. Fidelis Capital Partners LLC’s holdings in Marriott International were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Western Wealth Management LLC acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $386,000. HF Advisory Group LLC grew its holdings in shares of Marriott International by 8.8% in the fourth quarter. HF Advisory Group LLC now owns 6,077 shares of the company’s stock valued at $1,370,000 after purchasing an additional 491 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Marriott International by 38.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 563 shares of the company’s stock valued at $127,000 after purchasing an additional 156 shares in the last quarter. DecisionPoint Financial LLC grew its holdings in shares of Marriott International by 334.6% in the fourth quarter. DecisionPoint Financial LLC now owns 4,363 shares of the company’s stock valued at $984,000 after purchasing an additional 3,359 shares in the last quarter. Finally, Lakeside Advisors INC. acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $203,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research reports. Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Jefferies Financial Group boosted their price target on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. UBS Group boosted their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Argus boosted their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $236.88.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were 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 of the company’s stock, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the sale, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares in the company, valued at $18,085.68. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 in the last ninety days. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Performance

Shares of MAR opened at $236.00 on Friday. The stock has a market capitalization of $68.20 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.72 and a beta of 1.62. The company’s fifty day moving average is $248.31 and its two-hundred day moving average is $225.41. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. Marriott International’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Sell-side analysts predict that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

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.