Gitterman Wealth Management LLC Invests $353,000 in Marriott International, Inc. (NASDAQ:MAR)

Gitterman Wealth Management LLC purchased a new position in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,564 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors also recently made changes to their positions in the company. Little House Capital LLC raised its holdings in shares of Marriott International by 52.9% in the 4th quarter. Little House Capital LLC now owns 6,530 shares of the company’s stock worth $1,473,000 after purchasing an additional 2,259 shares in the last quarter. Bank OZK raised its holdings in shares of Marriott International by 2.5% in the 4th quarter. Bank OZK now owns 5,527 shares of the company’s stock worth $1,246,000 after purchasing an additional 133 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Marriott International by 5.2% in the 4th quarter. Valmark Advisers Inc. now owns 2,017 shares of the company’s stock worth $455,000 after purchasing an additional 100 shares in the last quarter. First Fiduciary Investment Counsel Inc. raised its holdings in shares of Marriott International by 1.0% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 38,600 shares of the company’s stock worth $8,705,000 after purchasing an additional 376 shares in the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in shares of Marriott International by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 8,088 shares of the company’s stock worth $1,824,000 after purchasing an additional 286 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent analyst reports. Argus boosted their price target on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Wells Fargo & Company boosted their price target on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Mizuho cut their price target on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. UBS Group boosted their price target on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Truist Financial boosted their price target 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. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $236.69.

Marriott International Price Performance

Shares of NASDAQ MAR traded down $1.10 during trading hours on Friday, hitting $240.84. 1,065,547 shares of the stock were exchanged, compared to its average volume of 1,409,872. The company’s 50 day moving average is $248.36 and its 200 day moving average is $227.23. The firm has a market capitalization of $69.60 billion, a P/E ratio of 23.63, a P/E/G ratio of 5.37 and a beta of 1.62. Marriott International, Inc. has a one year low of $162.77 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. Research analysts anticipate that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is 20.41%.

Insider Activity

In other news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is currently owned by corporate insiders.

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