RFG Bristol Wealth Advisors LLC Makes New $467,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

RFG Bristol Wealth Advisors LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,674 shares of the company’s stock, valued at approximately $467,000.

Several other institutional investors have also recently added to or reduced their stakes in MAR. Geode Capital Management LLC grew its holdings in shares of Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after purchasing an additional 60,458 shares during the last quarter. Wellington Management Group LLP grew its stake in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after buying an additional 1,570,144 shares during the last quarter. Norges Bank purchased a new stake in Marriott International in the fourth quarter valued at approximately $580,922,000. Charles Schwab Investment Management Inc. grew its position in shares of Marriott International by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock worth $412,167,000 after acquiring an additional 32,288 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Marriott International by 19.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 790,162 shares of the company’s stock valued at $220,408,000 after acquiring an additional 125,993 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $238.24 on Wednesday. The business has a 50 day moving average price of $270.75 and a 200 day moving average price of $271.02. The company has a market capitalization of $65.68 billion, a P/E ratio of 28.63, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Insider Transactions at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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 owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 over the last quarter. 12.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on MAR shares. Truist Financial lowered their price objective on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group lifted their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Susquehanna upped their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. 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 note on Wednesday, February 12th. Finally, UBS Group lifted their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $286.05.

About Marriott International

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.