Modera Wealth Management LLC Purchases 152 Shares of Marriott International, Inc. (NASDAQ:MAR)

Modera Wealth Management LLC boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,560 shares of the company’s stock after acquiring an additional 152 shares during the period. Modera Wealth Management LLC’s holdings in Marriott International were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PointState Capital LP acquired a new stake in shares of Marriott International in the 3rd quarter worth about $98,249,000. Proficio Capital Partners LLC raised its stake in shares of Marriott International by 36,564.5% in the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after purchasing an additional 359,795 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after buying an additional 294,898 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Marriott International by 629.7% during the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after buying an additional 116,477 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Marriott International by 78.5% in the 3rd quarter. National Bank of Canada FI now owns 198,812 shares of the company’s stock valued at $49,425,000 after buying an additional 87,439 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Marriott International Trading Down 1.0 %

MAR opened at $277.72 on Tuesday. The company has a 50 day moving average of $283.08 and a 200 day moving average of $268.04. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company has a market cap of $76.57 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (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%. Research 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio is currently 30.29%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Argus boosted their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Susquehanna upped their price objective on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $284.05.

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.