Argent Trust Co Has $224,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Argent Trust Co increased its holdings in Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506 shares of the company’s stock after buying an additional 75 shares during the period. Argent Trust Co’s holdings in Marriott International were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAR. Vanguard Group Inc. increased its stake in Marriott International by 2.4% in the third quarter. Vanguard Group Inc. now owns 23,035,518 shares of the company’s stock valued at $3,228,198,000 after acquiring an additional 548,630 shares during the last quarter. BlackRock Inc. increased its stake in Marriott International by 1.7% in the third quarter. BlackRock Inc. now owns 16,499,816 shares of the company’s stock valued at $2,312,285,000 after acquiring an additional 281,614 shares during the last quarter. State Street Corp increased its stake in Marriott International by 0.5% in the third quarter. State Street Corp now owns 10,763,120 shares of the company’s stock valued at $1,508,344,000 after acquiring an additional 51,077 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Marriott International by 5.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,591,393 shares of the company’s stock worth $1,063,858,000 after buying an additional 371,366 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Marriott International by 1,066.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after buying an additional 1,972,684 shares during the last quarter. 58.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Marriott International from $185.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, February 16th. Robert W. Baird boosted their target price on shares of Marriott International from $187.00 to $198.00 in a research note on Wednesday, May 3rd. BMO Capital Markets boosted their target price on shares of Marriott International from $163.00 to $183.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 15th. Barclays boosted their price objective on shares of Marriott International from $176.00 to $188.00 in a research note on Wednesday, May 3rd. Finally, Morgan Stanley boosted their price objective on shares of Marriott International from $195.00 to $197.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $184.00.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $171.66 on Friday. The firm’s 50-day moving average price is $169.19 and its 200-day moving average price is $165.11. Marriott International, Inc. has a 1-year low of $131.01 and a 1-year high of $183.27. The firm has a market capitalization of $52.07 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.29 and a beta of 1.57. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 73.56.

Marriott International (NASDAQ:MAR – Get Rating) last posted its earnings results on Tuesday, May 2nd. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Marriott International had a net margin of 12.34% and a return on equity of 272.54%. The company had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The firm’s revenue was up 33.7% compared to the same quarter last year. Equities research analysts anticipate that Marriott International, Inc. will post 8.39 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, May 26th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, May 25th. This is a positive change from Marriott International’s previous quarterly dividend of $0.40. Marriott International’s dividend payout ratio is currently 18.71%.

Insider Buying and Selling

In other Marriott International news, EVP Drew Pinto sold 700 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $176.75, for a total value of $123,725.00. Following the completion of the sale, the executive vice president now directly owns 4,734 shares of the company’s stock, valued at approximately $836,734.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Drew Pinto sold 700 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $176.75, for a total transaction of $123,725.00. Following the completion of the transaction, the executive vice president now directly owns 4,734 shares of the company’s stock, valued at approximately $836,734.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony Capuano sold 16,159 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $176.33, for a total transaction of $2,849,316.47. Following the transaction, the chief executive officer now directly owns 157,786 shares of the company’s stock, valued at $27,822,405.38. The disclosure for this sale can be found here. Insiders have sold 23,484 shares of company stock worth $4,131,974 in the last quarter. Insiders own 12.32% of the company’s stock.

Marriott International Company Profile

(Get Rating)

Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.