Maridea Wealth Management LLC Takes $433,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Maridea Wealth Management LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, Holdings Channel reports. The firm purchased 1,553 shares of the company’s stock, valued at approximately $433,000.

Other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in shares of Marriott International during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc lifted its holdings in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC increased its stake in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the period. Wingate Wealth Advisors Inc. bought a new position in shares of Marriott International during the fourth quarter valued at approximately $33,000. Finally, ORG Partners LLC boosted its holdings in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Down 3.0 %

Shares of NASDAQ MAR opened at $237.01 on Friday. The company has a 50 day moving average of $272.32 and a 200 day moving average of $270.62. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market cap of $65.34 billion, a P/E ratio of 28.49, a PEG ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays dropped their target price 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. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective on the stock in a research report on Tuesday, February 4th. Argus increased their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Wells Fargo & Company dropped their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average price target of $286.05.

Insider Activity

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’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 transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade 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 valued at $8,938,132 in the last ninety days. 12.32% of the stock is currently owned by company insiders.

About Marriott International

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.