Fortitude Family Office LLC Acquires 54 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fortitude Family Office LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 320 shares of the company’s stock after purchasing an additional 54 shares during the period. Fortitude Family Office LLC’s holdings in Marriott International were worth $89,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MAR. Royal London Asset Management Ltd. boosted its stake in shares of Marriott International by 12.4% during the second quarter. Royal London Asset Management Ltd. now owns 68,653 shares of the company’s stock valued at $16,598,000 after purchasing an additional 7,594 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Marriott International by 1.0% in the second quarter. Coldstream Capital Management Inc. now owns 5,235 shares of the company’s stock valued at $1,266,000 after acquiring an additional 50 shares during the period. Headlands Technologies LLC bought a new position in shares of Marriott International during the second quarter valued at about $736,000. LPL Financial LLC grew its stake in shares of Marriott International by 7.5% in the second quarter. LPL Financial LLC now owns 172,257 shares of the company’s stock worth $41,646,000 after purchasing an additional 12,051 shares during the last quarter. Finally, Fortune Financial Advisors LLC increased its holdings in Marriott International by 4.0% during the 2nd quarter. Fortune Financial Advisors LLC now owns 3,164 shares of the company’s stock valued at $765,000 after purchasing an additional 122 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In related news, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the business’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 transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last quarter. 12.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MAR has been the topic of a number of research reports. Sanford C. Bernstein lifted their target price on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Evercore ISI increased their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. TD Cowen reduced their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Macquarie reissued a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $269.65.

Marriott International Trading Up 1.4 %

NASDAQ MAR opened at $273.53 on Friday. The stock has a market cap of $76.01 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 5.47 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The company’s 50 day moving average is $281.79 and its two-hundred day moving average is $254.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Marriott International’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is presently 26.36%.

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.