Pinpoint Asset Management Ltd Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Pinpoint Asset Management Ltd purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 794 shares of the company’s stock, valued at approximately $221,000.

Other large investors have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in Marriott International during the fourth quarter worth $25,000. Bell Investment Advisors Inc boosted its position in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares in the last quarter. Sound Income Strategies LLC grew its stake 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 acquiring an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Marriott International during the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Marriott International in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock valued at $8,938,132 in the last quarter. Company insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MAR shares. The Goldman Sachs Group raised their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays cut their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. UBS Group lifted their price objective on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial decreased their price target on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $286.05.

Marriott International Trading Down 7.4 %

Shares of Marriott International stock opened at $224.62 on Friday. The company has a fifty day moving average price of $268.79 and a 200 day moving average price of $270.50. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The stock has a market cap of $61.93 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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%. Analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

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.