First National Trust Co Takes $211,000 Position in Marriott International, Inc. (NASDAQ:MAR)

First National Trust Co acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 937 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Marriott International in the 3rd quarter valued at $25,000. ORG Partners LLC grew its holdings in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. Keener Financial Planning LLC purchased a new position in shares of Marriott International during the 4th quarter worth about $30,000. Anchor Investment Management LLC purchased a new position in shares of Marriott International in the 4th quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Marriott International in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on MAR shares. UBS Group raised their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets increased their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday. Truist Financial boosted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Barclays raised their price objective on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $241.33.

Marriott International Price Performance

MAR stock traded up $1.39 on Monday, reaching $235.98. The company’s stock had a trading volume of 83,311 shares, compared to its average volume of 1,440,858. The firm has a fifty day moving average of $247.40 and a two-hundred day moving average of $228.85. The company has a market capitalization of $67.40 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 4.44 and a beta of 1.61. Marriott International, Inc. has a 52 week low of $165.13 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS 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 business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same period last year, the business posted $2.09 earnings per share. Marriott International’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Marriott International, Inc. will post 9.5 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid 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 was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is currently 21.47%.

Insider Transactions at Marriott International

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by insiders.

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.