Dakota Wealth Management Has $2.15 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Dakota Wealth Management lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,720 shares of the company’s stock after buying an additional 59 shares during the quarter. Dakota Wealth Management’s holdings in Marriott International were worth $2,153,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its stake in shares of Marriott International by 6.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 108,901 shares of the company’s stock worth $30,377,000 after buying an additional 7,016 shares during the last quarter. Simon Quick Advisors LLC raised its stake in Marriott International by 16.1% in the 4th quarter. Simon Quick Advisors LLC now owns 952 shares of the company’s stock worth $266,000 after purchasing an additional 132 shares in the last quarter. Aspire Private Capital LLC raised its stake in Marriott International by 7.2% in the 4th quarter. Aspire Private Capital LLC now owns 4,079 shares of the company’s stock worth $1,138,000 after purchasing an additional 274 shares in the last quarter. Atomi Financial Group Inc. raised its stake in Marriott International by 14.0% in the 4th quarter. Atomi Financial Group Inc. now owns 2,016 shares of the company’s stock worth $562,000 after purchasing an additional 247 shares in the last quarter. Finally, Segment Wealth Management LLC increased its holdings in Marriott International by 0.4% in the 4th quarter. Segment Wealth Management LLC now owns 58,620 shares of the company’s stock valued at $16,351,000 after buying an additional 233 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $285.07 on Friday. The company has a market capitalization of $79.22 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 4.59 and a beta of 1.57. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The company’s 50 day moving average price is $282.07 and its 200-day moving average price is $256.82.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. Analysts forecast that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’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 transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the transaction, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 in the last quarter. Company insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of several recent analyst reports. TD Cowen decreased their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group raised their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Sanford C. Bernstein raised 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. Finally, Evercore ISI lifted their price target 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $272.15.

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.