LGL Partners LLC Buys 50 Shares of Marriott International, Inc. (NASDAQ:MAR)

LGL Partners LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,630 shares of the company’s stock after purchasing an additional 50 shares during the quarter. LGL Partners LLC’s holdings in Marriott International were worth $593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC boosted its holdings in Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares during the last quarter. Morgan Stanley boosted its holdings in Marriott International by 1.4% during the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after acquiring an additional 63,411 shares during the last quarter. Jennison Associates LLC boosted its holdings in Marriott International by 34.8% during the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares during the last quarter. Invesco Ltd. boosted its holdings in Marriott International by 1.8% during the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after acquiring an additional 48,872 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Marriott International by 0.5% in the 3rd quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after buying an additional 12,901 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR traded down $3.89 during trading on Tuesday, reaching $236.60. 934,936 shares of the company traded hands, compared to its average volume of 1,435,836. Marriott International, Inc. has a 12-month low of $165.13 and a 12-month high of $260.57. The firm has a fifty day simple moving average of $248.34 and a 200 day simple moving average of $227.74. The company has a market cap of $68.37 billion, a P/E ratio of 23.60, a PEG ratio of 5.37 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The firm had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the firm posted $1.96 earnings per share. Marriott International’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a yield of 0.88%. Marriott International’s dividend payout ratio is presently 20.41%.

Analyst Ratings Changes

Several equities research analysts have commented on MAR shares. Truist Financial upped their price objective on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. BMO Capital Markets upped their target price on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Robert W. Baird cut their target price on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Jefferies Financial Group upped their target price on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Barclays upped their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $236.69.

Insider Buying and Selling

In other news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 over the last three months. 10.07% of the stock is owned by insiders.

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