937 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by First National Trust Co

First National Trust Co bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 937 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Advisors LLC bought a new position in shares of Marriott International during the 3rd quarter valued at about $310,000. Lindbrook Capital LLC grew its holdings in shares of Marriott International by 6.3% during the 3rd quarter. Lindbrook Capital LLC now owns 2,110 shares of the company’s stock valued at $415,000 after purchasing an additional 125 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Marriott International by 37.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,716 shares of the company’s stock worth $1,124,000 after purchasing an additional 1,547 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Marriott International by 14.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,392 shares of the company’s stock worth $18,357,000 after purchasing an additional 11,652 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Marriott International by 16.0% during the third quarter. Mackenzie Financial Corp now owns 28,145 shares of the company’s stock valued at $5,359,000 after buying an additional 3,880 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Activity

In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 in the last 90 days. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock traded up $1.39 during mid-day trading on Monday, hitting $235.98. The company’s stock had a trading volume of 83,311 shares, compared to its average volume of 1,440,858. Marriott International, Inc. has a 52-week low of $165.13 and a 52-week high of $260.57. The stock has a market cap of $67.40 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 4.44 and a beta of 1.61. The business has a 50-day moving average price of $247.40 and a 200 day moving average price of $228.85.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the previous year, the company earned $2.09 earnings per share. Marriott International’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Marriott International, Inc. will post 9.5 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.88%. Marriott International’s payout ratio is presently 21.47%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Argus increased their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. UBS Group boosted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Robert W. Baird raised their target price on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday. Mizuho lifted their price objective on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Truist Financial raised their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $241.33.

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.