Peachtree Investment Partners LLC Buys 133 Shares of Marriott International, Inc. (NASDAQ:MAR)

Peachtree Investment Partners LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,987 shares of the company’s stock after acquiring an additional 133 shares during the quarter. Peachtree Investment Partners LLC’s holdings in Marriott International were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Two Sigma Advisers LP bought a new position in shares of Marriott International during the third quarter valued at $18,769,000. Worldquant Millennium Advisors LLC bought a new stake in shares of Marriott International in the 3rd quarter valued at about $448,000. EP Wealth Advisors LLC raised its position in shares of Marriott International by 15.6% during the third quarter. EP Wealth Advisors LLC now owns 7,096 shares of the company’s stock worth $1,764,000 after acquiring an additional 958 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Marriott International by 78.5% in the third quarter. National Bank of Canada FI now owns 198,812 shares of the company’s stock worth $49,425,000 after acquiring an additional 87,439 shares during the period. Finally, MML Investors Services LLC increased its position in Marriott International by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 19,570 shares of the company’s stock valued at $4,865,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 12,642 shares of the stock in a transaction dated 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 owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by company insiders.

Marriott International Stock Performance

Shares of MAR stock opened at $213.36 on Tuesday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a 50-day simple moving average of $265.90 and a two-hundred day simple moving average of $270.63. The company 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 posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. On average, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MAR shares. UBS Group upped their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Jefferies Financial Group increased their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Argus lifted their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $286.05.

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.