Triangle Securities Wealth Management Buys New Position in Marriott International, Inc. (NASDAQ:MAR)

Triangle Securities Wealth Management bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,293 shares of the company’s stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Abundance Wealth Counselors boosted its holdings in Marriott International by 0.8% during the 3rd quarter. Abundance Wealth Counselors now owns 7,709 shares of the company’s stock valued at $1,080,000 after acquiring an additional 64 shares during the period. Quadrant Capital Group LLC raised its position in Marriott International by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,809 shares of the company’s stock valued at $382,000 after purchasing an additional 65 shares in the last quarter. One Capital Management LLC raised its position in Marriott International by 2.0% in the 3rd quarter. One Capital Management LLC now owns 3,474 shares of the company’s stock valued at $486,000 after purchasing an additional 68 shares in the last quarter. CreativeOne Wealth LLC raised its position in Marriott International by 3.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,913 shares of the company’s stock valued at $268,000 after purchasing an additional 69 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in Marriott International by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 4,092 shares of the company’s stock valued at $573,000 after purchasing an additional 71 shares in the last quarter. 58.97% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Down 1.5 %

MAR opened at $158.77 on Friday. The firm has a market cap of $48.92 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 0.70 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $131.01 and a 52 week high of $195.90. The business’s 50 day moving average is $168.89 and its two-hundred day moving average is $158.69. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 16.51.

Marriott International (NASDAQ:MAR – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The company had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.38 billion. Marriott International had a return on equity of 168.43% and a net margin of 11.35%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. On average, research analysts predict that Marriott International, Inc. will post 7.75 EPS for the current year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, February 24th will be given a dividend of $0.40 per share. This is a positive change from Marriott International’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, February 23rd. This represents a $1.60 annualized dividend and a yield of 1.01%. Marriott International’s payout ratio is 22.04%.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 2,500 shares of Marriott International stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $170.03, for a total value of $425,075.00. Following the transaction, the insider now directly owns 17,738 shares in the company, valued at approximately $3,015,992.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Marriott International news, insider William P. Brown sold 2,500 shares of Marriott International stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $170.03, for a total value of $425,075.00. Following the transaction, the insider now directly owns 17,738 shares in the company, valued at approximately $3,015,992.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 5,765 shares of Marriott International stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $179.18, for a total value of $1,032,972.70. Following the completion of the transaction, the chief financial officer now owns 20,630 shares in the company, valued at $3,696,483.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,086 shares of company stock worth $3,860,436. 12.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MAR shares. BMO Capital Markets increased their price target on Marriott International from $163.00 to $183.00 and gave the company a “market perform” rating in a research report on Wednesday, February 15th. Jefferies Financial Group lowered Marriott International from a “buy” rating to a “hold” rating and set a $166.00 price target on the stock. in a research report on Monday, January 9th. Robert W. Baird increased their price target on Marriott International from $183.00 to $187.00 and gave the company a “neutral” rating in a research report on Monday, February 27th. Citigroup lowered Marriott International from a “buy” rating to a “neutral” rating and increased their price target for the company from $170.00 to $175.00 in a research report on Wednesday, December 14th. Finally, Credit Suisse Group raised their target price on Marriott International from $185.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $180.50.

Marriott International Profile

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.