Haven Capital Group Inc. Makes New $3 Million Investment in Marriott International, Inc. (NASDAQ:MAR)

Haven Capital Group Inc. purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,769 shares of the company’s stock, valued at approximately $3,004,000. Marriott International accounts for 2.8% of Haven Capital Group Inc.’s portfolio, making the stock its 15th largest holding.

Other large investors have also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International in the 4th quarter valued at about $25,000. Bell Investment Advisors Inc grew its stake in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC grew its stake 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 valued at $30,000 after buying an additional 89 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the 4th quarter valued at about $33,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the 3rd quarter valued at about $33,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAR has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Susquehanna raised their price target on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial lifted their target price on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their target price on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, UBS Group lifted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus price target of $286.45.

Marriott International Price Performance

MAR opened at $248.11 on Tuesday. The company has a fifty day moving average price of $277.88 and a 200-day moving average price of $270.08. The firm has a market capitalization of $68.40 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) 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, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction 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. This trade represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last three months. Insiders own 12.32% of the company’s stock.

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.