Marriott International, Inc. (NASDAQ:MAR) Shares Sold by BDF Gestion

BDF Gestion reduced its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 11.5% in the 4th quarter, HoldingsChannel reports. The fund owned 11,027 shares of the company’s stock after selling 1,434 shares during the quarter. BDF Gestion’s holdings in Marriott International were worth $3,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sound Income Strategies LLC raised its stake in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in Marriott International during the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International during the 3rd quarter valued at approximately $33,000. ORG Partners LLC raised its stake in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Marriott International during the 3rd quarter valued at approximately $40,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Mizuho raised their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets raised their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus target price of $272.15.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 over the last ninety days. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $289.66 on Thursday. The firm has a market cap of $80.49 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The stock’s 50-day simple moving average is $282.56 and its 200-day simple moving average is $258.23.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $2.11 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.25 EPS 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 $0.63 dividend. 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 payout ratio is currently 26.36%.

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.