Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Cooper Financial Group

Cooper Financial Group boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,372 shares of the company’s stock after purchasing an additional 55 shares during the period. Cooper Financial Group’s holdings in Marriott International were worth $1,499,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Silvant Capital Management LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at approximately $33,000. ORG Partners LLC raised its position in shares of 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 buying an additional 84 shares during the period. Cyrus J. Lawrence LLC purchased a new stake in shares of Marriott International during the 2nd quarter valued at approximately $36,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Marriott International during the 3rd quarter valued at approximately $40,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAR has been the topic of several analyst reports. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Sanford C. Bernstein lifted their target price on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $269.65.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock valued at $3,919,739 over the last quarter. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Up 0.6 %

Shares of MAR traded up $1.74 on Monday, hitting $272.50. 404,667 shares of the stock traded hands, compared to its average volume of 1,177,630. The firm has a market capitalization of $75.73 billion, a P/E ratio of 28.50, a P/E/G ratio of 5.47 and a beta of 1.57. The stock’s 50 day moving average is $281.99 and its two-hundred day moving average is $254.90. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.11 EPS. Research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend 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.