Bank OZK Buys 133 Shares of Marriott International, Inc. (NASDAQ:MAR)

Bank OZK lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,527 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Bank OZK’s holdings in Marriott International were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Caprock Group LLC raised its holdings in Marriott International by 255.1% in the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after acquiring an additional 8,463 shares during the last quarter. Cerity Partners LLC raised its holdings in Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after acquiring an additional 20,890 shares during the last quarter. Impax Asset Management Group plc raised its holdings in Marriott International by 88.4% in the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock worth $2,351,000 after acquiring an additional 4,892 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock worth $77,856,000 after acquiring an additional 323,500 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in Marriott International by 14.7% in the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock worth $17,906,000 after acquiring an additional 10,197 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

Shares of MAR stock traded down $1.10 on Friday, reaching $240.84. 1,065,547 shares of the company were exchanged, compared to its average volume of 1,409,872. The company has a market cap of $69.60 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 5.40 and a beta of 1.62. The business has a 50-day moving average price of $248.36 and a 200 day moving average price of $227.03. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the company earned $1.96 EPS. Marriott International’s revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.86%. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Insider Activity

In other news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the sale, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the transaction, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 in the last 90 days. Company insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Robert W. Baird decreased their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Mizuho decreased their target price on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Finally, Truist Financial raised their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $236.69.

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