JB Capital LLC Makes New $611,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

JB Capital LLC acquired a new position in Marriott International, Inc. (NASDAQ:MARFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,709 shares of the company’s stock, valued at approximately $611,000.

A number of other large investors have also modified their holdings of MAR. Argus Investors Counsel Inc. raised its holdings in Marriott International by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after acquiring an additional 45 shares during the last quarter. Morse Asset Management Inc grew its stake in shares of Marriott International by 1.2% in the 2nd quarter. Morse Asset Management Inc now owns 4,380 shares of the company’s stock valued at $805,000 after buying an additional 50 shares during the period. Capital Investment Advisors LLC grew its stake in shares of Marriott International by 0.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock valued at $1,177,000 after buying an additional 52 shares during the period. Chicago Capital LLC grew its stake in shares of Marriott International by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 4,597 shares of the company’s stock valued at $904,000 after buying an additional 54 shares during the period. Finally, OmniStar Financial Group Inc. grew its stake in shares of Marriott International by 3.8% in the 4th quarter. OmniStar Financial Group Inc. now owns 1,519 shares of the company’s stock valued at $343,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares in the company, valued at approximately $4,862,937.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deborah Marriott Harrison sold 37,300 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the transaction, the insider now owns 9,100 shares of the company’s stock, valued at approximately $2,197,286. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 in the last quarter. Company insiders own 12.32% of the company’s stock.

Marriott International Price Performance

MAR traded down $3.78 during trading on Tuesday, hitting $247.55. The company had a trading volume of 195,495 shares, compared to its average volume of 1,414,233. The company has a market cap of $71.53 billion, a PE ratio of 24.66, a P/E/G ratio of 1.83 and a beta of 1.62. The business has a 50-day moving average of $246.57 and a 200-day moving average of $220.37. Marriott International, Inc. has a 1-year low of $161.01 and a 1-year high of $256.53.

Marriott International (NASDAQ:MARGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 earnings per share. Research analysts forecast that Marriott International, Inc. will post 9.47 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.84%. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAR. BMO Capital Markets increased their price target on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Wells Fargo & Company increased their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. UBS Group increased their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Argus raised their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Mizuho started coverage on shares of Marriott International in a report on Tuesday, March 26th. They issued a “neutral” rating and a $263.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $236.81.

Read Our Latest Stock Report on Marriott International

About Marriott International

(Free Report)

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

Further Reading

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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