Elyxium Wealth LLC Takes $877,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Elyxium Wealth LLC acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,144 shares of the company’s stock, valued at approximately $877,000.

A number of other institutional investors and hedge funds have also modified their holdings of MAR. Hopwood Financial Services Inc. purchased a new stake in Marriott International during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc boosted its stake in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $259.49 on Friday. The stock has a 50-day simple moving average of $238.15 and a 200-day simple moving average of $266.39. The company has a market capitalization of $71.61 billion, a P/E ratio of 31.19, a PEG ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the firm posted $2.13 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.97%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last quarter. Company insiders own 10.68% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the topic of several recent analyst reports. Melius Research upgraded shares of Marriott International to a “strong-buy” rating in a report on Monday, April 21st. Robert W. Baird upped their price objective on Marriott International from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus lowered their price target on Marriott International from $295.00 to $240.00 and set a “hold” rating for the company in a report on Wednesday, April 16th. Barclays decreased their price target on Marriott International from $283.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $245.00 target price (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Fourteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $272.75.

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.