Sheaff Brock Investment Advisors LLC Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Sheaff Brock Investment Advisors LLC lifted its position in Marriott International, Inc. (NASDAQ:MARFree Report) by 34.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,018 shares of the company’s stock after acquiring an additional 1,023 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Marriott International were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MAR. Caprock Group LLC raised its holdings in shares of Marriott International by 255.1% during 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 period. Cerity Partners LLC boosted 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 valued at $10,138,000 after purchasing an additional 20,890 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Marriott International by 88.4% in the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after buying an additional 4,892 shares during the period. International Assets Investment Management LLC raised its position in shares of Marriott International by 1,487.6% during the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after buying an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in Marriott International by 14.7% in the fourth quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after acquiring an additional 10,197 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Rajeev Menon sold 6,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $241.70, for a total value of $1,450,200.00. Following the transaction, the insider now directly owns 5,232 shares of the company’s stock, valued at approximately $1,264,574.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Marriott International news, insider Rajeev Menon sold 6,000 shares of Marriott International stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $241.70, for a total transaction of $1,450,200.00. Following the transaction, the insider now directly owns 5,232 shares of the company’s stock, valued at $1,264,574.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,540 shares of company stock valued at $19,955,286. Insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MAR. Wells Fargo & Company dropped their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets increased their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Mizuho lifted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Robert W. Baird increased their target price on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, UBS Group upped their price objective on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $241.33.

Check Out Our Latest Stock Analysis on Marriott International

Marriott International Price Performance

Marriott International stock traded down $1.23 during mid-day trading on Friday, hitting $237.73. 1,217,046 shares of the company were exchanged, compared to its average volume of 1,432,705. Marriott International, Inc. has a 12-month low of $165.13 and a 12-month high of $260.57. The business’s 50 day simple moving average is $245.11 and its two-hundred day simple moving average is $231.98. The company has a market capitalization of $67.90 billion, a P/E ratio of 24.53, a PEG ratio of 4.51 and a beta of 1.61.

Marriott International (NASDAQ:MARGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period in the prior year, the firm earned $2.09 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts predict that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, May 23rd. Marriott International’s payout ratio is presently 21.47%.

Marriott International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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