Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 84.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,577 shares of the company’s stock after purchasing an additional 2,550 shares during the period. Miracle Mile Advisors LLC’s holdings in Marriott International were worth $1,556,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MAR. Angeles Investment Advisors LLC purchased a new stake in shares of Marriott International during the second quarter valued at $320,000. Dimensional Fund Advisors LP boosted its holdings in Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares during the last quarter. One Capital Management LLC boosted its holdings in Marriott International by 37.6% in the second quarter. One Capital Management LLC now owns 2,066 shares of the company’s stock valued at $499,000 after purchasing an additional 565 shares during the last quarter. Virtu Financial LLC purchased a new stake in Marriott International in the second quarter valued at $5,009,000. Finally, Pitti Group Wealth Management LLC boosted its holdings in Marriott International by 17.0% in the second quarter. Pitti Group Wealth Management LLC now owns 2,827 shares of the company’s stock valued at $637,000 after purchasing an additional 410 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 1.5 %

MAR stock opened at $276.43 on Wednesday. The company has a market cap of $76.82 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 5.47 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The firm has a 50-day moving average of $282.64 and a two-hundred day moving average of $255.36.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 EPS. As a group, equities analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. Marriott International’s dividend payout ratio is currently 26.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird upped their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Truist Financial upped their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Barclays increased their target price on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, TD Cowen lowered their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $269.65.

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last 90 days. Insiders own 12.32% of the company’s stock.

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.