Fulton Breakefield Broenniman LLC Increases Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Fulton Breakefield Broenniman LLC boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,551 shares of the company’s stock after acquiring an additional 90 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Marriott International were worth $2,385,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MAR. SteelPeak Wealth LLC grew its holdings in shares of Marriott International by 138.1% during the 4th quarter. SteelPeak Wealth LLC now owns 8,623 shares of the company’s stock worth $2,405,000 after purchasing an additional 5,002 shares during the period. NorthStar Asset Management LLC NJ purchased a new position in Marriott International in the 4th quarter worth approximately $200,000. Perigon Wealth Management LLC raised its position in shares of Marriott International by 14.6% in the 4th quarter. Perigon Wealth Management LLC now owns 2,767 shares of the company’s stock valued at $764,000 after purchasing an additional 353 shares in the last quarter. Northwest Financial Advisors raised its position in shares of Marriott International by 4.9% in the 4th quarter. Northwest Financial Advisors now owns 1,458 shares of the company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in shares of Marriott International by 30.8% during the 4th quarter. Nilsine Partners LLC now owns 3,806 shares of the company’s stock valued at $1,062,000 after acquiring an additional 896 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Marriott International stock opened at $288.64 on Wednesday. The stock has a market cap of $80.21 billion, a P/E ratio of 30.19, a PEG ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The firm’s fifty day moving average price is $282.37 and its 200-day moving average price is $257.90.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. 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. Wells Fargo & Company increased their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Finally, Bank of America raised their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $272.15.

About Marriott International

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.