Valmark Advisers Inc. Has $455,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Valmark Advisers Inc. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,017 shares of the company’s stock after purchasing an additional 100 shares during the period. Valmark Advisers Inc.’s holdings in Marriott International were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAR. OFI Invest Asset Management bought a new stake in shares of Marriott International during the 3rd quarter worth approximately $25,000. ORG Partners LLC lifted its stake in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. Keener Financial Planning LLC bought a new position in Marriott International in the 4th quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new position in Marriott International in the 4th quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Marriott International in the 4th quarter valued at approximately $33,000. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAR. BMO Capital Markets increased their price objective on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Truist Financial upped their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. UBS Group upped their price target on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Argus upped their price target on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Jefferies Financial Group upped their price target on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $236.69.

Marriott International Trading Down 0.5 %

NASDAQ:MAR opened at $240.84 on Monday. The stock has a market capitalization of $69.60 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 5.37 and a beta of 1.62. The firm has a fifty day simple moving average of $248.36 and a two-hundred day simple moving average of $227.44. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the company posted $1.96 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is 20.41%.

Insider Buying and Selling at Marriott International

In related news, insider Deborah Marriott Harrison sold 37,300 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the transaction, the insider now directly owns 9,100 shares of the company’s stock, valued at $2,197,286. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Deborah Marriott Harrison sold 37,300 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the transaction, the insider now directly owns 9,100 shares of the company’s stock, valued at $2,197,286. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. Corporate insiders own 10.07% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.