Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Range Financial Group LLC

Range Financial Group LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 484.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,705 shares of the company’s stock after purchasing an additional 7,215 shares during the quarter. Marriott International accounts for about 1.1% of Range Financial Group LLC’s holdings, making the stock its 21st largest holding. Range Financial Group LLC’s holdings in Marriott International were worth $2,428,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Marriott International by 26.4% during the fourth quarter. GAMMA Investing LLC now owns 3,047 shares of the company’s stock valued at $850,000 after acquiring an additional 637 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Marriott International by 80.2% during the fourth quarter. Versant Capital Management Inc now owns 638 shares of the company’s stock valued at $178,000 after acquiring an additional 284 shares during the last quarter. Old Port Advisors acquired a new position in shares of Marriott International during the fourth quarter valued at approximately $220,000. SK Wealth Management LLC acquired a new position in shares of Marriott International during the third quarter valued at approximately $831,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Marriott International by 1.7% during the third quarter. Principal Financial Group Inc. now owns 263,638 shares of the company’s stock valued at $65,540,000 after acquiring an additional 4,301 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. The trade was a 5.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 in the last three months. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $2.84 during trading on Tuesday, reaching $269.78. The stock had a trading volume of 1,132,130 shares, compared to its average volume of 1,336,631. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The business’s 50-day moving average price is $281.21 and its 200-day moving average price is $254.12. The company has a market cap of $74.97 billion, a P/E ratio of 28.22, a PEG ratio of 5.47 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.93%. Marriott International’s payout ratio is 26.36%.

Analysts Set New Price Targets

A number of brokerages have commented on MAR. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. TD Cowen cut their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group increased their price target on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Barclays increased their price target on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Sanford C. Bernstein increased their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus price target of $269.65.

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.