Marriott International, Inc. (NASDAQ:MAR) Stock Position Raised by Moody National Bank Trust Division

Moody National Bank Trust Division increased its position in Marriott International, Inc. (NASDAQ:MAR) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,732 shares of the company’s stock after buying an additional 62 shares during the period. Moody National Bank Trust Division’s holdings in Marriott International were worth $1,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Silvant Capital Management LLC bought a new stake in Marriott International during the third quarter worth approximately $31,000. Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the 3rd quarter worth $33,000. Cyrus J. Lawrence LLC bought a new position in Marriott International in the 2nd quarter worth $36,000. ORG Partners LLC boosted its holdings in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of Marriott International in the third quarter worth about $40,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $272.29 on Tuesday. The company has a 50 day moving average price of $282.31 and a two-hundred day moving average price of $255.12. The company has a market capitalization of $75.67 billion, a PE ratio of 28.48, a PEG ratio of 5.47 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is 26.36%.

Insider Activity at Marriott International

In related news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MAR. Wells Fargo & Company raised their target price on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Barclays boosted their price objective on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Truist Financial lifted their price objective on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $269.65.

Marriott International Profile

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, City Express by Marriott, and St.