Segment Wealth Management LLC Has $16.35 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Segment Wealth Management LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,620 shares of the company’s stock after purchasing an additional 233 shares during the period. Marriott International comprises about 1.1% of Segment Wealth Management LLC’s holdings, making the stock its 27th largest position. Segment Wealth Management LLC’s holdings in Marriott International were worth $16,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAR. Larson Financial Group LLC boosted its holdings in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after purchasing an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares during the last quarter. Haverford Trust Co boosted its stake in shares of Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after acquiring an additional 40 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Marriott International by 2.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock valued at $500,000 after acquiring an additional 51 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in Marriott International by 3.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,443 shares of the company’s stock worth $359,000 after purchasing an additional 51 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Evercore ISI increased their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Truist Financial upped their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $272.15.

Marriott International Stock Performance

Shares of MAR stock opened at $277.18 on Tuesday. The firm has a fifty day moving average of $282.53 and a 200-day moving average of $256.13. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The stock has a market cap of $77.03 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 4.59 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the business earned $2.11 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Activity

In other news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 10.07% of the company’s stock.

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.