Aaron Wealth Advisors LLC Grows Stake in Marriott International, Inc. (NASDAQ:MAR)

Aaron Wealth Advisors LLC lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,566 shares of the company’s stock after acquiring an additional 93 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Marriott International were worth $995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MAR. Dimensional Fund Advisors LP raised its stake in Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after buying an additional 33,149 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Marriott International by 8.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock valued at $8,765,000 after purchasing an additional 2,711 shares during the period. Blair William & Co. IL boosted its position in shares of Marriott International by 30.2% during the second quarter. Blair William & Co. IL now owns 34,756 shares of the company’s stock valued at $8,403,000 after purchasing an additional 8,066 shares in the last quarter. MQS Management LLC purchased a new stake in Marriott International in the second quarter worth $255,000. Finally, Intech Investment Management LLC lifted its position in Marriott International by 10.7% during the second quarter. Intech Investment Management LLC now owns 7,980 shares of the company’s stock valued at $1,929,000 after buying an additional 770 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 0.4 %

NASDAQ:MAR opened at $277.18 on Friday. The stock has a market cap of $77.03 billion, a PE ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57. The business’s 50-day simple moving average is $282.53 and its two-hundred day simple moving average is $255.91. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the business earned $2.11 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Analyst Ratings Changes

MAR has been the topic of a number of analyst reports. Argus boosted their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen reduced their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Evercore ISI upped their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $272.15.

Insider Activity

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the sale, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is currently owned by insiders.

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, City Express by Marriott, and St.