1,775 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by Straightline Group LLC

Straightline Group LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,775 shares of the company’s stock, valued at approximately $495,000. Marriott International makes up 0.3% of Straightline Group LLC’s investment portfolio, making the stock its 19th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in Marriott International by 0.8% in the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock worth $1,945,299,000 after purchasing an additional 56,978 shares during the period. Geode Capital Management LLC increased its holdings in shares of Marriott International by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after buying an additional 60,458 shares during the period. Wellington Management Group LLP lifted its stake in shares of Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares during the last quarter. Invesco Ltd. boosted its holdings in Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after acquiring an additional 512,963 shares during the period. Finally, Norges Bank purchased a new position in Marriott International in the 4th quarter worth approximately $580,922,000. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAR. Truist Financial dropped their price objective on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Jefferies Financial Group upped their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group raised their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley upped their price target on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $286.05.

Insider Buying and Selling

In other news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last three months. Insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

MAR stock opened at $213.36 on Tuesday. The firm has a 50 day moving average price of $265.90 and a 200-day moving average price of $270.63. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a market capitalization of $58.88 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last released its 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%. As a group, sell-side analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 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.