Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Lifted by Johnson Bixby & Associates LLC

Johnson Bixby & Associates LLC raised its position in Marriott International, Inc. (NASDAQ:MAR) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,888 shares of the company’s stock after purchasing an additional 486 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in Marriott International were worth $426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Parnassus Investments LLC acquired a new position in shares of Marriott International during the 3rd quarter valued at about $481,621,000. Norges Bank acquired a new position in shares of Marriott International during the 4th quarter valued at about $326,980,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Marriott International by 1,066.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock valued at $379,202,000 after acquiring an additional 1,972,684 shares during the last quarter. Morgan Stanley increased its holdings in shares of Marriott International by 52.7% during the 4th quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock valued at $716,346,000 after acquiring an additional 1,659,637 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after acquiring an additional 1,194,665 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MAR. Barclays raised their target price on Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. UBS Group raised their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Mizuho initiated coverage on Marriott International in a report on Tuesday. They issued a “neutral” rating and a $263.00 target price on the stock. Truist Financial raised their price objective on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, Robert W. Baird reduced their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $236.81.

Insider Buying and Selling

In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Marriott International news, insider David S. Marriott sold 2,878 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total value of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 over the last three months. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Up 0.5 %

MAR traded up $1.38 during trading on Wednesday, hitting $253.56. The company’s stock had a trading volume of 1,060,819 shares, compared to its average volume of 1,446,930. The firm’s 50 day moving average price is $245.29 and its two-hundred day moving average price is $219.31. The stock has a market capitalization of $75.71 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.62. Marriott International, Inc. has a 12 month low of $155.80 and a 12 month high of $256.53.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The company had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.47 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.82%. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.