Fidelis Capital Partners LLC Has $341,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Fidelis Capital Partners LLC lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 12.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,510 shares of the company’s stock after buying an additional 171 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Marriott International were worth $341,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MAR. American Century Companies Inc. grew its stake in shares of Marriott International by 2.4% in the 1st quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock valued at $2,450,000 after buying an additional 330 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Marriott International by 5.8% in the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock valued at $605,000 after buying an additional 189 shares in the last quarter. Synovus Financial Corp boosted its position in Marriott International by 13.3% during the first quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock worth $682,000 after purchasing an additional 455 shares during the period. Sei Investments Co. boosted its position in Marriott International by 12.1% during the first quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock worth $7,708,000 after purchasing an additional 4,685 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in Marriott International by 64.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock worth $4,816,000 after purchasing an additional 10,790 shares during the period. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAR. UBS Group upped their target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets increased their price objective on Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Barclays upped their target price on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday. Robert W. Baird dropped their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group increased their target price on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $236.88.

Insider Transactions at Marriott International

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

Marriott International Stock Down 0.1 %

Marriott International stock opened at $236.00 on Friday. The business’s 50-day simple moving average is $248.31 and its 200 day simple moving average is $225.41. The stock has a market cap of $68.20 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.72 and a beta of 1.62. Marriott International, Inc. has a 12-month low of $162.77 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. Marriott International’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 20.41%.

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