Hurley Capital LLC Acquires Shares of 289 Marriott International, Inc. (NASDAQ:MAR)

Hurley Capital LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 289 shares of the company’s stock, valued at approximately $80,000.

Several other hedge funds have also modified their holdings of MAR. Benjamin Edwards Inc. lifted its holdings in shares of Marriott International by 4,324.2% in the third quarter. Benjamin Edwards Inc. now owns 5,486 shares of the company’s stock valued at $1,364,000 after purchasing an additional 5,362 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Marriott International during the 3rd quarter worth $270,000. Quantinno Capital Management LP lifted its stake in shares of Marriott International by 42.2% in the 3rd quarter. Quantinno Capital Management LP now owns 29,498 shares of the company’s stock valued at $7,333,000 after purchasing an additional 8,753 shares in the last quarter. Stevens Capital Management LP purchased a new position in Marriott International in the third quarter valued at about $220,000. Finally, Two Sigma Advisers LP acquired a new position in Marriott International during the 3rd quarter worth approximately $18,769,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective 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. Argus boosted their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Truist Financial decreased their target price on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. UBS Group raised their price target on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $286.05.

Marriott International Stock Performance

Shares of MAR stock opened at $214.58 on Friday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm’s 50 day moving average price is $267.40 and its two-hundred day moving average price is $270.38. The stock has a market cap of $59.22 billion, a PE ratio of 25.79, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. Marriott International’s dividend payout ratio is presently 30.29%.

Insider Activity at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 over the last quarter. 12.32% of the stock is owned by corporate insiders.

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.