Grove Bank & Trust Boosts Position in Marriott International, Inc. (NASDAQ:MAR)

Grove Bank & Trust grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,327 shares of the company’s stock after acquiring an additional 80 shares during the period. Grove Bank & Trust’s holdings in Marriott International were worth $370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Silvant Capital Management LLC acquired a new position in shares of Marriott International during the third quarter worth about $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at about $33,000. Cyrus J. Lawrence LLC purchased a new position in Marriott International in the 2nd quarter worth approximately $36,000. ORG Partners LLC raised its stake in shares of 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 purchasing an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Marriott International during the third quarter worth $40,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.4 %

Shares of NASDAQ:MAR opened at $277.18 on Monday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The company has a market cap of $77.03 billion, a PE ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57. The company’s 50-day moving average price is $282.53 and its 200 day moving average price is $256.02.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data 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). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $2.11 earnings per share. As a group, equities analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a $0.63 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International’s dividend payout ratio is presently 26.36%.

Analyst Upgrades and Downgrades

MAR has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Mizuho raised their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Argus upped their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $272.15.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’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 sale, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 10.07% 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, City Express by Marriott, and St.