GUNN & Co INVESTMENT MANAGEMENT INC. Purchases New Holdings in Marriott International, Inc. (NASDAQ:MAR)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Marriott International, Inc. (NASDAQ:MARFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,500 shares of the company’s stock, valued at approximately $564,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in Marriott International in the third quarter valued at about $25,000. ORG Partners LLC increased its holdings in shares of Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares during the last quarter. Keener Financial Planning LLC bought a new position in Marriott International during the fourth quarter worth $30,000. Anchor Investment Management LLC acquired a new position in Marriott International in the fourth quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Marriott International during the fourth quarter worth $33,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAR has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Wells Fargo & Company dropped their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday. BMO Capital Markets upped their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday. Robert W. Baird raised their target price on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Argus increased their price objective 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Marriott International has a consensus rating of “Hold” and a consensus price target of $241.33.

Get Our Latest Stock Analysis on Marriott International

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock worth $30,435,493. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Down 0.4 %

NASDAQ:MAR opened at $234.59 on Friday. Marriott International, Inc. has a 52-week low of $165.13 and a 52-week high of $260.57. The firm has a market cap of $67.00 billion, a P/E ratio of 24.21, a PEG ratio of 5.24 and a beta of 1.61. The business’s 50-day moving average price is $247.40 and its 200 day moving average price is $228.39.

Marriott International (NASDAQ:MARGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that Marriott International, Inc. will post 9.49 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is 21.47%.

About Marriott International

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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