Blue Bell Private Wealth Management LLC Increases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Blue Bell Private Wealth Management LLC lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259 shares of the company’s stock after buying an additional 50 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Marriott International were worth $72,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter worth approximately $33,000. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the 4th quarter worth approximately $33,000. ORG Partners LLC lifted its stake in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International in the 4th quarter worth approximately $38,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Susquehanna increased their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Mizuho increased their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Truist Financial increased their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Argus increased their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus increased their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $286.45.

Marriott International Stock Up 0.0 %

Shares of MAR opened at $262.75 on Friday. The stock has a market capitalization of $72.44 billion, a P/E ratio of 31.58, a PEG ratio of 3.42 and a beta of 1.58. The firm has a fifty day simple moving average of $281.57 and a two-hundred day simple moving average of $268.64. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.96%. Marriott International’s dividend payout ratio is 30.29%.

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, City Express by Marriott, and St.