W.G. Shaheen & Associates DBA Whitney & Co Takes $225,000 Position in Marriott International, Inc. (NASDAQ:MAR)

W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 808 shares of the company’s stock, valued at approximately $225,000.

Several other large investors also recently made changes to their positions in the business. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of Marriott International in the third quarter valued at $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at $33,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International during the 4th quarter worth $33,000. Finally, ORG Partners LLC raised its position in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR opened at $277.47 on Monday. The firm has a market cap of $76.50 billion, a PE ratio of 33.35, a PEG ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm’s 50 day moving average price is $283.73 and its 200 day moving average price is $265.45.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAR. JPMorgan Chase & Co. increased their price target on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. TD Cowen dropped their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho upped their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Robert W. Baird raised their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average target price 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.