PDS Planning Inc Purchases 135 Shares of Marriott International, Inc. (NASDAQ:MAR)

PDS Planning Inc increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307 shares of the company’s stock after acquiring an additional 135 shares during the quarter. PDS Planning Inc’s holdings in Marriott International were worth $295,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Grove Bank & Trust increased its stake in Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after purchasing an additional 43 shares in the last quarter. Argus Investors Counsel Inc. increased its stake in Marriott International by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after purchasing an additional 45 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Marriott International by 2.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock valued at $377,000 after purchasing an additional 45 shares in the last quarter. Capital Investment Advisors LLC increased its stake in Marriott International by 0.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock valued at $1,177,000 after purchasing an additional 52 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after acquiring an additional 53 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 1.0 %

Marriott International stock opened at $239.69 on Wednesday. Marriott International, Inc. has a 12-month low of $162.77 and a 12-month high of $260.57. The stock has a market cap of $69.26 billion, a P/E ratio of 23.52, a PEG ratio of 1.73 and a beta of 1.62. The company has a 50-day moving average price of $248.18 and a 200 day moving average price of $226.48.

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

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 20.41%.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $23,188,899.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the transaction, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 over the last three months. Insiders own 10.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MAR shares. BMO Capital Markets increased their price objective on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Barclays increased their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Robert W. Baird lowered their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Truist Financial increased their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, Argus increased their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and an average target price of $236.69.

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.