Rodgers Brothers Inc. Grows Holdings in Marriott International, Inc. (NASDAQ:MAR)

Rodgers Brothers Inc. boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,975 shares of the company’s stock after purchasing an additional 250 shares during the period. Rodgers Brothers Inc.’s holdings in Marriott International were worth $551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAR. TFG Advisers LLC increased its stake in Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock worth $1,235,000 after buying an additional 37 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Marriott International by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after acquiring an additional 38 shares in the last quarter. Evermay Wealth Management LLC boosted its holdings in Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares during the period. Essex Financial Services Inc. increased its holdings in Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock worth $838,000 after purchasing an additional 39 shares during the period. Finally, Monument Capital Management boosted its stake in shares of Marriott International by 5.2% in the 4th quarter. Monument Capital Management now owns 853 shares of the company’s stock valued at $238,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MAR. Morgan Stanley boosted their price target on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Truist Financial lowered their price target on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday, March 21st. The Goldman Sachs Group boosted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Barclays reduced their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $286.05.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last ninety days. 12.32% of the stock is owned by insiders.

Marriott International Price Performance

Marriott International stock opened at $238.20 on Tuesday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market capitalization of $65.67 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The firm’s fifty day moving average price is $271.54 and its 200 day moving average price is $270.98.

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

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International’s dividend payout ratio is presently 30.29%.

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.