Sage Mountain Advisors LLC Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Sage Mountain Advisors LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 804 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds have also added to or reduced their stakes in MAR. Bell Investment Advisors Inc lifted its holdings in Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Marriott International during the 3rd quarter valued at $33,000. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International during the 4th quarter valued at $33,000. Finally, ORG Partners LLC lifted its holdings in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction 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 sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s 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 sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MAR shares. Argus lifted their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Susquehanna lifted their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays dropped their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, UBS Group raised their price target on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research 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 stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and an average price target of $286.45.

Marriott International Price Performance

Marriott International stock opened at $243.81 on Thursday. The stock’s 50 day moving average is $279.75 and its 200 day moving average is $269.47. The firm has a market cap of $67.22 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

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.