Wells Fargo & Company MN Acquires 29,785 Shares of Marriott International, Inc. (NASDAQ:MAR)

Wells Fargo & Company MN raised its position in Marriott International, Inc. (NASDAQ:MAR) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 660,831 shares of the company’s stock after buying an additional 29,785 shares during the quarter. Wells Fargo & Company MN’s holdings in Marriott International were worth $149,024,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC boosted 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 purchasing an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at approximately $30,000. Anchor Investment Management LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at approximately $31,000. Wetzel Investment Advisors Inc. acquired a new stake in Marriott International during the 4th quarter worth approximately $33,000. Finally, Private Wealth Management Group LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $33,000. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Down 0.9 %

Marriott International stock opened at $236.16 on Thursday. The firm’s 50 day simple moving average is $244.40 and its 200 day simple moving average is $233.02. The firm has a market capitalization of $67.45 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 4.50 and a beta of 1.61. Marriott International, Inc. has a 1-year low of $165.13 and a 1-year 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). The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. Research analysts forecast that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. This is a positive change from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is currently 21.47%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Argus boosted their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. BMO Capital Markets boosted their price target on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Mizuho lifted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $241.33.

Insider Activity at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction on 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 sale, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was 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 owns 24,478 shares in the company, valued at approximately $6,166,742.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David S. Marriott sold 2,878 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total transaction of $716,449.32. Following the completion of the transaction, the insider now owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,027 shares of company stock valued at $1,760,671. Insiders own 12.32% of the company’s stock.

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.