Millstone Evans Group LLC Purchases Shares of 480 Marriott International, Inc. (NASDAQ:MAR)

Millstone Evans Group LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 480 shares of the company’s stock, valued at approximately $134,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Marriott International by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after purchasing an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after purchasing an additional 46,563 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after purchasing an additional 47,551 shares during the period. Raymond James Financial Inc. purchased a new stake in Marriott International in the fourth quarter worth $165,162,000. Finally, PointState Capital LP purchased a new stake in Marriott International in the third quarter worth $98,249,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAR has been the subject of a number of research analyst reports. Truist Financial dropped their price target on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday. Jefferies Financial Group raised their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company lowered their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $286.05.

Marriott International Stock Performance

NASDAQ MAR opened at $237.49 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a 50-day moving average of $275.53 and a 200 day moving average of $270.08. The company has a market capitalization of $65.47 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.42 and a beta of 1.58.

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

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International’s payout ratio is 30.29%.

Insiders Place Their Bets

In other Marriott International 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 value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. Insiders own 12.32% 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.