Heritage Trust Co Invests $1.41 Million in Marriott International, Inc. (NASDAQ:MAR)

Heritage Trust Co bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,038 shares of the company’s stock, valued at approximately $1,405,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC grew its stake in Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock worth $1,212,000 after purchasing an additional 1,112 shares during the period. Straightline Group LLC acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $495,000. Oddo BHF Asset Management Sas bought a new stake in shares of Marriott International in the 3rd quarter valued at $2,721,000. Union Bancaire Privee UBP SA bought a new position in Marriott International during the fourth quarter worth $2,990,000. Finally, Markel Group Inc. grew its holdings in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock worth $13,110,000 after purchasing an additional 11,000 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Activity at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were 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 in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

Marriott International Price Performance

NASDAQ MAR opened at $225.22 on Friday. The business’s fifty day moving average is $257.79 and its 200-day moving average is $269.36. The stock has a market capitalization of $62.15 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

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

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. Marriott International’s payout ratio is 30.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price objective on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Susquehanna increased 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. Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Argus raised their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $282.60.

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.