Ignite Planners LLC Acquires Shares of 776 Marriott International, Inc. (NASDAQ:MAR)

Ignite Planners LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 776 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently bought and sold shares of the business. PointState Capital LP acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $98,249,000. Canoe Financial LP acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $77,331,000. International Assets Investment Management LLC raised its position in shares of Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after buying an additional 300,543 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after buying an additional 240,674 shares in the last quarter. Finally, AXA S.A. raised its position in shares of Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after buying an additional 126,323 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR stock opened at $276.43 on Wednesday. The firm has a 50-day moving average of $282.64 and a 200-day moving average of $255.36. The company has a market cap of $76.82 billion, a P/E ratio of 28.92, a P/E/G ratio of 5.47 and a beta of 1.57. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. As a group, research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Analysts Set New Price Targets

Several brokerages have recently commented on MAR. Macquarie restated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Bank of America upped their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Stifel Nicolaus upped their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott International has a consensus rating of “Hold” and an average target price of $269.65.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated 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 transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

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.