Transce3nd LLC Invests $139,000 in Marriott International, Inc. (NASDAQ:MAR)

Transce3nd LLC purchased a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 500 shares of the company’s stock, valued at approximately $139,000.

Other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in shares of Marriott International during the 4th quarter valued at approximately $25,000. Bernard Wealth Management Corp. bought a new position in Marriott International during the fourth quarter valued at $25,000. Bell Investment Advisors Inc raised its stake in shares of Marriott International by 112.2% in 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 period. Sound Income Strategies LLC boosted its stake in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in Marriott International during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now 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 sold 31,694 shares of company stock valued at $8,938,132 over the last quarter. 10.68% of the stock is currently owned by company insiders.

Marriott International Stock Performance

MAR stock opened at $220.41 on Monday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm has a 50-day simple moving average of $250.07 and a two-hundred day simple moving average of $268.51. The firm has a market cap of $60.82 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. As a group, 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. Marriott International’s dividend payout ratio is currently 30.29%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAR shares. Morgan Stanley boosted their target price on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company reduced their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Mizuho boosted their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price 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.