Carderock Capital Management Inc. Buys 826 Shares of Marriott International, Inc. (NASDAQ:MAR)

Carderock Capital Management Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 48.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,544 shares of the company’s stock after buying an additional 826 shares during the quarter. Carderock Capital Management Inc.’s holdings in Marriott International were worth $710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Marriott International by 10.8% during the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after acquiring an additional 37 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after purchasing an additional 38 shares in the last quarter. Haverford Trust Co grew its stake in shares of Marriott International by 1.0% in the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after purchasing an additional 40 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Marriott International by 2.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock worth $500,000 after buying an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its stake in Marriott International by 3.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,443 shares of the company’s stock valued at $359,000 after buying an additional 51 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marriott International news, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This represents a 14.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Company insiders own 10.07% of the company’s stock.

Marriott International Trading Up 0.4 %

Shares of MAR opened at $277.18 on Friday. The stock has a market cap of $77.03 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. The stock’s 50-day moving average price is $282.60 and its two-hundred day moving average price is $255.65. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR) last issued 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Marriott International, Inc. will post 9.25 EPS for the current 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 given 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 0.91%. Marriott International’s dividend payout ratio is presently 26.36%.

Analysts Set New Price Targets

MAR has been the subject of a number of analyst reports. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. BMO Capital Markets boosted their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Truist Financial lifted their target price on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Barclays raised their price target on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Robert W. Baird boosted their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $272.15.

Marriott International 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.