Fonville Wealth Management LLC Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Fonville Wealth Management LLC purchased a new position in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,042 shares of the company’s stock, valued at approximately $912,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. ORG Partners LLC raised its holdings in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the period. Keener Financial Planning LLC acquired a new stake in Marriott International during the 4th quarter worth about $30,000. OFI Invest Asset Management acquired a new stake in Marriott International during the 3rd quarter worth about $25,000. Anchor Investment Management LLC acquired a new stake in Marriott International during the 4th quarter worth about $31,000. Finally, ICA Group Wealth Management LLC acquired a new stake in Marriott International during the 4th quarter worth about $28,000. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MAR. UBS Group upped their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Robert W. Baird reduced their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Jefferies Financial Group increased their price target on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Barclays increased their price target on shares of Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets increased their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $236.81.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by company insiders.

Marriott International Stock Down 0.9 %

MAR stock traded down $2.16 during midday trading on Thursday, hitting $236.30. 1,841,179 shares of the company traded hands, compared to its average volume of 1,445,574. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57. The business has a 50 day simple moving average of $248.80 and a 200-day simple moving average of $225.04. The stock has a market capitalization of $68.28 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.62.

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

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is 20.41%.

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