1,089 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by AXQ Capital LP

AXQ Capital LP acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,089 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Wealth LLC increased its position in Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock worth $1,212,000 after purchasing an additional 1,112 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Marriott International during the third quarter valued at about $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International during the fourth quarter valued at about $2,990,000. Markel Group Inc. increased its position in shares of Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock valued at $13,110,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Covea Finance increased its position in shares of Marriott International by 69.9% during the fourth quarter. Covea Finance now owns 60,540 shares of the company’s stock valued at $16,887,000 after acquiring an additional 24,900 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Down 3.0 %

MAR stock opened at $237.49 on Monday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The company’s 50 day moving average is $275.53 and its two-hundred day moving average is $270.37. The stock has a market cap of $65.47 billion, a P/E ratio of 28.54, a PEG ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. Marriott International’s payout ratio is 30.29%.

Analyst Ratings Changes

A number of brokerages have weighed in on MAR. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Truist Financial dropped their price target on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research report on Friday. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Barclays lowered their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $286.05.

Insider Activity

In other Marriott International news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock valued at $8,938,132 in the last ninety days. 12.32% of the stock is currently owned by company insiders.

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.