Verisail Partners LLC Acquires Shares of 9,359 Marriott International, Inc. (NASDAQ:MAR)

Verisail Partners LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MARFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,359 shares of the company’s stock, valued at approximately $2,611,000. Marriott International makes up approximately 1.2% of Verisail Partners LLC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds have also bought and sold shares of MAR. Straightline Group LLC acquired a new stake in shares of Marriott International during the 4th quarter worth $495,000. NewEdge Wealth LLC lifted its position in Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock worth $1,212,000 after purchasing an additional 1,112 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Marriott International during the third quarter worth about $2,721,000. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International in the 4th quarter valued at approximately $2,990,000. Finally, Markel Group Inc. lifted its holdings in shares of Marriott International by 30.6% during the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock worth $13,110,000 after acquiring an additional 11,000 shares during the period. 70.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

Marriott International Trading Down 0.4 %

NASDAQ MAR opened at $222.58 on Wednesday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market capitalization of $61.42 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The business’s 50-day moving average price is $254.81 and its two-hundred day moving average price is $268.96.

Marriott International (NASDAQ:MARGet Free Report) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, analysts forecast 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 was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.13%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Analysts Set New Price Targets

Several brokerages have commented on MAR. Argus boosted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. UBS Group raised their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial lowered their target price on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $245.00 price target (down from $313.00) on shares of Marriott International in a research note on Monday. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and an average price target of $279.15.

View Our Latest Stock Report on MAR

Marriott International Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MARFree Report).

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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