Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,732 shares of the company’s stock after buying an additional 89 shares during the period. Moors & Cabot Inc.’s holdings in Marriott International were worth $5,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its stake in shares of Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares during the period. TFG Advisers LLC lifted its holdings in Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock worth $1,235,000 after acquiring an additional 37 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Marriott International by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after purchasing an additional 38 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings in shares of Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in shares of Marriott International by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock valued at $838,000 after purchasing an additional 39 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR stock opened at $246.31 on Wednesday. The stock has a market capitalization of $67.91 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The company’s 50-day moving average is $280.45 and its 200-day moving average is $269.65. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.02%. Marriott International’s dividend payout ratio is 30.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on MAR shares. Truist Financial boosted their price target on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Barclays cut their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average target price of $286.45.

Insider Buying and Selling at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 in the last three months. Company 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, City Express by Marriott, and St.