Delta Asset Management LLC TN Acquires 78 Shares of Marriott International, Inc. (NASDAQ:MAR)

Delta Asset Management LLC TN raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,177 shares of the company’s stock after buying an additional 78 shares during the period. Delta Asset Management LLC TN’s holdings in Marriott International were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the business. Dai ichi Life Insurance Company Ltd increased its position in shares of Marriott International by 5.5% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 13,190 shares of the company’s stock valued at $2,593,000 after purchasing an additional 686 shares during the last quarter. Main Street Financial Solutions LLC purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $204,000. Private Advisor Group LLC boosted its holdings in shares of Marriott International by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 21,366 shares of the company’s stock valued at $4,200,000 after buying an additional 1,044 shares in the last quarter. US Bancorp DE increased its holdings in shares of Marriott International by 1.2% in the 3rd quarter. US Bancorp DE now owns 80,744 shares of the company’s stock valued at $15,871,000 after purchasing an additional 930 shares in the last quarter. Finally, Hartline Investment Corp increased its holdings in Marriott International by 0.3% during the 3rd quarter. Hartline Investment Corp now owns 93,873 shares of the company’s stock valued at $18,452,000 after acquiring an additional 240 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MAR shares. Barclays lifted their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Robert W. Baird lifted their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Truist Financial lifted their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Wells Fargo & Company dropped their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Finally, UBS Group boosted their price target on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and an average price target of $241.33.

Marriott International Stock Down 0.9 %

Shares of MAR stock traded down $2.12 during mid-day trading on Wednesday, reaching $236.16. 1,090,620 shares of the stock traded hands, compared to its average volume of 1,425,987. The stock’s fifty day simple moving average is $244.70 and its two-hundred day simple moving average is $233.00. The company has a market cap of $67.45 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 4.53 and a beta of 1.61. Marriott International, Inc. has a 1-year low of $165.13 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. On average, equities research analysts anticipate that Marriott International, Inc. will post 9.53 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio is currently 21.47%.

Insider Activity at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the transaction, the insider now owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,027 shares of company stock worth $6,730,271. 10.07% of the stock is owned by company insiders.

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.