Strategic Blueprint LLC Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Strategic Blueprint LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,014 shares of the company’s stock, valued at approximately $562,000.

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 stake in shares of Marriott International by 4.8% in 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 in the last quarter. National Pension Service lifted its holdings in Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of 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 last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Marriott International by 0.5% during 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 during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Marriott International by 3.0% in 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 last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Down 0.7 %

MAR stock opened at $290.59 on Friday. The company has a market capitalization of $80.75 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 4.65 and a beta of 1.57. The firm has a 50 day moving average of $282.93 and a two-hundred day moving average of $258.68. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45.

Marriott International (NASDAQ:MAR) last posted its earnings results 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $2.11 earnings per share. On average, research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Insider Activity at Marriott International

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America raised their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Truist Financial lifted their price target on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI raised their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. TD Cowen cut their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Sanford C. Bernstein lifted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $272.15.

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.