Westhampton Capital LLC Takes $221,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Westhampton Capital LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, Holdings Channel reports. The fund purchased 792 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Sound Income Strategies LLC grew its holdings in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the period. Silvant Capital Management LLC bought a new stake in shares of Marriott International during the 3rd quarter worth about $31,000. Darwin Wealth Management LLC bought a new position in Marriott International in the 3rd quarter valued at about $33,000. ORG Partners LLC boosted its holdings in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Marriott International in the third quarter valued at approximately $40,000. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $289.66 on Thursday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The company has a market capitalization of $80.49 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 4.64 and a beta of 1.57. The company has a fifty day moving average of $282.56 and a 200-day moving average of $258.23.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 earnings per share. On average, equities analysts forecast that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. Marriott International’s dividend payout ratio is 26.36%.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 over the last three months. Company insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the subject of several recent research reports. Argus boosted their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Jefferies Financial Group increased their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Truist Financial lifted their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $272.15.

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.