Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Sirios Capital Management L P

Sirios Capital Management L P grew its stake in Marriott International, Inc. (NASDAQ:MAR) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,483 shares of the company’s stock after purchasing an additional 610 shares during the period. Sirios Capital Management L P’s holdings in Marriott International were worth $972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MAR. Hopwood Financial Services Inc. purchased a new stake in shares of Marriott International during the fourth quarter worth approximately $25,000. Bernard Wealth Management Corp. acquired a new position in Marriott International in the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc raised its position in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% during 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 during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in Marriott International in the fourth quarter valued at about $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 2.3 %

Marriott International stock opened at $220.59 on Wednesday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market cap of $60.87 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.42 and a beta of 1.42. The company’s 50-day moving average price is $247.22 and its two-hundred day moving average price is $267.90.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Research analysts expect 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 was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. Marriott International’s payout ratio is 30.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays lowered their price objective on shares of Marriott International from $283.00 to $236.00 and set an “equal weight” rating for the company in a research note on Tuesday. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. Argus boosted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Truist Financial dropped their price objective on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, UBS Group upped their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $273.10.

Insider Activity at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. Company insiders own 10.68% of the company’s stock.

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, City Express by Marriott, and St.