Main Street Financial Solutions LLC Has $343,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Main Street Financial Solutions LLC increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 13.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,230 shares of the company’s stock after buying an additional 142 shares during the period. Main Street Financial Solutions LLC’s holdings in Marriott International were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Marriott International in the fourth quarter valued at approximately $580,922,000. Wellington Management Group LLP raised its position in Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after acquiring an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Marriott International in the 4th quarter valued at about $165,162,000. Invesco Ltd. lifted its stake in Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of Marriott International by 36,564.5% in the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock valued at $100,636,000 after buying an additional 359,795 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Up 0.7 %

MAR stock opened at $220.41 on Friday. The firm has a 50-day moving average price of $251.42 and a 200-day moving average price of $268.42. The stock has a market capitalization of $60.82 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Insider Activity at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last quarter. 12.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Argus raised their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial reduced their target price on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday, March 21st. Barclays cut their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Susquehanna boosted their price target on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $277.00.

Marriott International Company 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.