MONECO Advisors LLC Purchases Shares of 775 Marriott International, Inc. (NASDAQ:MAR)

MONECO Advisors LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 775 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also recently bought and sold shares of the company. Lansing Street Advisors grew its holdings in shares of Marriott International by 18.3% during the fourth quarter. Lansing Street Advisors now owns 990 shares of the company’s stock worth $276,000 after purchasing an additional 153 shares during the last quarter. Howard Capital Management Inc. grew its holdings in shares of Marriott International by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 7,291 shares of the company’s stock worth $2,034,000 after purchasing an additional 205 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Marriott International by 22.7% during the fourth quarter. First Horizon Advisors Inc. now owns 276 shares of the company’s stock worth $77,000 after purchasing an additional 51 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of Marriott International by 552.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 2,608 shares of the company’s stock valued at $715,000 after acquiring an additional 2,208 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of Marriott International by 17.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 738 shares of the company’s stock valued at $206,000 after acquiring an additional 107 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Up 0.3 %

Shares of MAR stock opened at $277.46 on Wednesday. The business has a 50-day moving average price of $283.22 and a two-hundred day moving average price of $266.30. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market cap of $76.49 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (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%. As a group, research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given 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 0.91%. Marriott International’s dividend payout ratio is currently 30.29%.

Insider Activity at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 30,640 shares of company stock valued at $8,645,668. 10.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MAR. UBS Group upped their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Stifel Nicolaus raised their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Barclays dropped their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Truist Financial boosted their target price on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.