357 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 357 shares of the company’s stock, valued at approximately $100,000.

Other hedge funds also recently made changes to their positions in the company. Longbow Finance SA bought a new position in Marriott International in the fourth quarter valued at approximately $8,840,000. Sterling Investment Advisors Ltd. acquired a new stake in Marriott International in the fourth quarter valued at $230,000. FourThought Financial Partners LLC bought a new position in shares of Marriott International in the 4th quarter valued at about $240,000. Blackhawk Capital Partners LLC. bought a new stake in shares of Marriott International in the 4th quarter valued at about $223,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Marriott International during the fourth quarter worth about $225,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $277.46 on Wednesday. The firm has a market cap of $76.49 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm’s fifty day moving average is $283.22 and its 200-day moving average is $266.30.

Marriott International (NASDAQ:MAR) last released its quarterly 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%. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Insider Buying and Selling

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,640 shares of company stock valued at $8,645,668 over the last quarter. Insiders own 10.07% of the company’s stock.

Analysts Set New Price Targets

MAR has been the topic of several research reports. Susquehanna upped their price objective on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Argus increased their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Sanford C. Bernstein upped their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. BMO Capital Markets lifted their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Finally, Truist Financial upped their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.05.

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.