Signaturefd LLC Increases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Signaturefd LLC lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,028 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Signaturefd LLC’s holdings in Marriott International were worth $1,681,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. NewEdge Wealth LLC raised its position in Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after acquiring an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Marriott International during the third quarter valued at approximately $2,721,000. Union Bancaire Privee UBP SA purchased a new position in Marriott International during the fourth quarter valued at approximately $2,990,000. Markel Group Inc. raised its position in Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock valued at $13,110,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Covea Finance grew its holdings in Marriott International by 69.9% in the fourth quarter. Covea Finance now owns 60,540 shares of the company’s stock valued at $16,887,000 after purchasing an additional 24,900 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on MAR shares. Stifel Nicolaus raised their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Morgan Stanley raised their price objective on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Mizuho raised their price objective on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial lifted their price target on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Finally, Susquehanna lifted their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $286.45.

Marriott International Stock Performance

NASDAQ MAR opened at $248.11 on Tuesday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm has a market capitalization of $68.40 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The stock’s fifty day moving average is $277.88 and its two-hundred day moving average is $270.08.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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

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.