Baldwin Wealth Partners LLC MA Has $14.22 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Baldwin Wealth Partners LLC MA grew its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,970 shares of the company’s stock after acquiring an additional 1,077 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Marriott International were worth $14,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after buying an additional 46,563 shares during the period. National Pension Service raised its holdings in shares of Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after acquiring an additional 74,832 shares during the period. Janus Henderson Group PLC boosted its stake in Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after purchasing an additional 47,551 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Marriott International by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after buying an additional 12,702 shares during the period. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the topic of several research reports. TD Cowen cut their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Macquarie reissued a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Sanford C. Bernstein lifted their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI increased their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $272.15.

Insider Activity

In other news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the company’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 value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

Marriott International Trading Down 0.0 %

NASDAQ MAR opened at $284.04 on Monday. The company has a market cap of $78.93 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45. The company has a 50 day moving average of $282.24 and a 200-day moving average of $257.56.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 EPS. On average, equities research analysts forecast that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

Marriott International 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.