Quantinno Capital Management LP Purchases 9,578 Shares of Marriott International, Inc. (NASDAQ:MAR)

Quantinno Capital Management LP raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 32.5% during the fourth quarter, HoldingsChannel reports. The firm owned 39,076 shares of the company’s stock after purchasing an additional 9,578 shares during the quarter. Quantinno Capital Management LP’s holdings in Marriott International were worth $10,900,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in Marriott International during the fourth quarter valued at $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc increased its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 55 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Marriott International in the fourth quarter worth approximately $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president now directly owns 20,724 shares of the company’s stock, valued at $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value 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. The trade was a 50.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,694 shares of company stock worth $9,208,342. Insiders own 10.68% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Truist Financial lowered 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. Morgan Stanley lowered their price objective on shares of Marriott International from $275.00 to $267.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective on the stock in a report on Tuesday, February 4th. Finally, Robert W. Baird raised their price target on shares of Marriott International from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus price target of $276.60.

Marriott International Price Performance

NASDAQ MAR opened at $272.59 on Thursday. The firm has a market cap of $74.66 billion, a P/E ratio of 32.76, a P/E/G ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock’s 50-day moving average is $238.33 and its 200-day moving average is $266.61.

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

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Marriott International’s previous quarterly dividend of $0.63. Marriott International’s dividend payout ratio (DPR) is presently 30.52%.

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.