Raab & Moskowitz Asset Management LLC Has $3.22 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Raab & Moskowitz Asset Management LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,267 shares of the company’s stock after selling 150 shares during the period. Marriott International accounts for about 1.0% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Raab & Moskowitz Asset Management LLC’s holdings in Marriott International were worth $3,217,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MAR. OFI Invest Asset Management bought a new stake in Marriott International in the third quarter valued at approximately $25,000. ORG Partners LLC raised its stake in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares during the period. Keener Financial Planning LLC bought a new stake in Marriott International in the fourth quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new stake in Marriott International in the fourth quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Marriott International in the fourth quarter valued at approximately $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathleen K. Oberg sold 47,109 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the sale, the chief financial officer now owns 20,036 shares in the company, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 in the last 90 days. 12.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MAR has been the topic of several research analyst reports. Truist Financial upped their price objective on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Barclays increased their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. UBS Group increased their target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Mizuho lowered their target price on Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average target price of $236.69.

Marriott International Stock Performance

Shares of MAR stock opened at $240.84 on Friday. The stock’s fifty day moving average price is $248.36 and its two-hundred day moving average price is $227.23. The company has a market cap of $69.60 billion, a PE ratio of 23.63, a P/E/G ratio of 5.37 and a beta of 1.62. Marriott International, Inc. has a fifty-two week low of $162.77 and a fifty-two week high of $260.57.

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

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is 20.41%.

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