Navigoe LLC Purchases Shares of 160 Marriott International, Inc. (NASDAQ:MAR)

Navigoe LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 160 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International during the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc increased its position in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 55 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Activity at Marriott International

In other news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 10.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MAR. Truist Financial decreased their price objective on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Jefferies Financial Group lowered their price target on Marriott International from $295.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Argus raised their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Morgan Stanley reduced their target price on shares of Marriott International from $275.00 to $267.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $273.10.

Marriott International Stock Performance

Marriott International stock opened at $239.67 on Wednesday. The company has a market capitalization of $66.14 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The company’s 50 day simple moving average is $242.20 and its 200-day simple moving average is $267.09. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Equities analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.05%. Marriott International’s dividend payout ratio is presently 30.29%.

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.