Levin Capital Strategies L.P. Acquires Shares of 984 Marriott International, Inc. (NASDAQ:MAR)

Levin Capital Strategies L.P. acquired a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 984 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MAR. ORG Partners LLC raised its stake in Marriott International by 72.6% during the 4th 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. Keener Financial Planning LLC purchased a new stake in Marriott International during the 4th quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new stake in shares of Marriott International during the 3rd quarter worth approximately $25,000. Anchor Investment Management LLC bought a new position in Marriott International during the fourth quarter valued at $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Marriott International during the fourth quarter valued at approximately $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 $23,188,899.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MAR. BMO Capital Markets lifted their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday. 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 report on Wednesday, February 14th. Mizuho boosted their price target on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group upped their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Barclays lifted their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $237.31.

Marriott International Stock Performance

Shares of MAR traded down $0.97 during midday trading on Friday, hitting $234.59. 1,572,810 shares of the stock were exchanged, compared to its average volume of 1,456,885. The stock has a fifty day simple moving average of $247.74 and a 200 day simple moving average of $228.13. Marriott International, Inc. has a 52-week low of $165.13 and a 52-week high of $260.57. The firm has a market cap of $67.79 billion, a P/E ratio of 24.21, a P/E/G ratio of 5.20 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 574.15%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.48 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.89%. Marriott International’s dividend payout ratio is presently 21.47%.

Marriott International 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.