Gitterman Wealth Management LLC Purchases New Stake in Marriott International, Inc. (NASDAQ:MAR)

Gitterman Wealth Management LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,564 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Marriott International during the third quarter worth about $25,000. ORG Partners LLC raised its stake in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after acquiring an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new position in Marriott International during the fourth quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in shares of Marriott International during the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Marriott International during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAR shares. Jefferies Financial Group boosted their price target on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Robert W. Baird reduced their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Argus boosted their price target on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. UBS Group boosted their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their target price on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $236.69.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the transaction, the director now directly owns 1,472 shares of the company’s stock, valued at $349,452.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the transaction, the director now directly owns 1,472 shares of the company’s stock, valued at $349,452.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 47,109 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last ninety days. 12.32% of the stock is owned by company insiders.

Marriott International Stock Performance

Shares of Marriott International stock traded down $1.10 on Friday, reaching $240.84. 1,065,547 shares of the company’s stock were exchanged, compared to its average volume of 1,409,872. The company has a market capitalization of $69.60 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 5.37 and a beta of 1.62. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57. The firm’s 50-day moving average is $248.36 and its two-hundred day moving average is $227.23.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 848.49% and a net margin of 13.00%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 EPS. On average, analysts expect that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is 20.41%.

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.