Yousif Capital Management LLC Has $9.14 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Yousif Capital Management LLC lifted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,522 shares of the company’s stock after acquiring an additional 4,593 shares during the period. Yousif Capital Management LLC’s holdings in Marriott International were worth $9,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MAR. FMR LLC grew its holdings in shares of Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after purchasing an additional 1,194,665 shares in the last quarter. Morgan Stanley grew its stake in Marriott International by 1.4% during the third quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after buying an additional 63,411 shares in the last quarter. Jennison Associates LLC grew its stake in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after buying an additional 1,173,028 shares in the last quarter. Invesco Ltd. boosted its position in shares of Marriott International by 1.8% during the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after acquiring an additional 48,872 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Marriott International by 0.5% during the 3rd quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after acquiring an additional 12,901 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of a number of research analyst reports. Mizuho reduced their target price on Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday. Robert W. Baird reduced their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Wells Fargo & Company raised their price objective on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. 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 note on Wednesday, February 14th. Finally, UBS Group raised their target price on shares of Marriott International from $210.00 to $259.00 and gave the company 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 company. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus price target of $236.69.

Insider Activity at Marriott International

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 transaction, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the transaction, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 in the last quarter. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $245.51 on Thursday. Marriott International, Inc. has a 52-week low of $162.77 and a 52-week high of $260.57. The company’s 50 day moving average price is $248.35 and its 200-day moving average price is $226.60. The company has a market capitalization of $70.95 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 5.35 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 EPS. Analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.85%. Marriott International’s payout ratio is presently 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.