Glenview Trust co Makes New $762,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

Glenview Trust co purchased a new position in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,733 shares of the company’s stock, valued at approximately $762,000.

A number of other large investors have also bought and sold shares of MAR. Oppenheimer Asset Management Inc. grew its holdings in Marriott International by 12.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,122 shares of the company’s stock worth $528,000 after purchasing an additional 235 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Marriott International by 1.6% during the third quarter. OneDigital Investment Advisors LLC now owns 6,107 shares of the company’s stock valued at $1,518,000 after buying an additional 95 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Marriott International by 4.8% during the third quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock valued at $928,000 after buying an additional 172 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Marriott International by 3.5% during the third quarter. Pathstone Holdings LLC now owns 208,994 shares of the company’s stock valued at $51,956,000 after buying an additional 7,122 shares during the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of Marriott International by 151.8% during the third quarter. Prospera Financial Services Inc now owns 3,603 shares of the company’s stock valued at $896,000 after buying an additional 2,172 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Argus lifted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial raised their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $286.45.

Marriott International Stock Up 2.1 %

MAR opened at $248.11 on Tuesday. The company has a market capitalization of $68.40 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 3.42 and a beta of 1.58. The firm has a 50-day moving average price of $277.88 and a 200-day moving average price of $270.08. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results 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 net margin of 9.46% and a negative return on equity of 116.67%. On average, sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.02%. Marriott International’s dividend payout ratio is currently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the business’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 value of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business’s 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 transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. Corporate insiders own 12.32% of the company’s stock.

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.