PDS Planning Inc Purchases 135 Shares of Marriott International, Inc. (NASDAQ:MAR)

PDS Planning Inc grew its position in Marriott International, Inc. (NASDAQ:MAR) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,307 shares of the company’s stock after acquiring an additional 135 shares during the period. PDS Planning Inc’s holdings in Marriott International were worth $295,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MAR. OFI Invest Asset Management bought a new position in Marriott International during the 3rd quarter worth $25,000. ORG Partners LLC grew its stake in shares of Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at about $30,000. Anchor Investment Management LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at about $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Marriott International in the 4th quarter valued at about $33,000. 70.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock valued at $30,435,493 over the last three months. Insiders own 10.07% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $239.69 on Wednesday. Marriott International, Inc. has a 52-week low of $162.77 and a 52-week high of $260.57. The firm has a fifty day moving average of $248.18 and a 200 day moving average of $226.48. The firm has a market capitalization of $69.26 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.20 billion. During the same period in the previous year, the business earned $1.96 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 20.41%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MAR. Robert W. Baird dropped their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Wells Fargo & Company raised their price target on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. BMO Capital Markets raised their price target on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Truist Financial raised their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Finally, Jefferies Financial Group lifted their target price on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $236.69.

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.