Forte Capital LLC ADV Raises Position in Marriott International, Inc. (NASDAQ:MAR)

Forte Capital LLC ADV grew its position in Marriott International, Inc. (NASDAQ:MAR) by 16.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,602 shares of the company’s stock after buying an additional 230 shares during the period. Forte Capital LLC ADV’s holdings in Marriott International were worth $361,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Parnassus Investments LLC purchased a new position in shares of Marriott International during the third quarter valued at approximately $481,621,000. FMR LLC increased its holdings in Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after buying an additional 1,194,665 shares during the last quarter. Jennison Associates LLC increased its holdings in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after buying an additional 1,173,028 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Marriott International by 1,487.6% during the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after buying an additional 323,500 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. increased its holdings in Marriott International by 2,023.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 135,673 shares of the company’s stock valued at $26,668,000 after buying an additional 129,285 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays upped their target price on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Robert W. Baird upped their target price on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group upped their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock 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 stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Mizuho upped their price target on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $241.33.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction on 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 transaction, 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 SEC, which can be accessed through this link. In related news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the transaction, the insider now directly owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 in the last 90 days. Insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of MAR traded down $0.97 during midday trading on Friday, hitting $234.59. The stock had a trading volume of 1,572,856 shares, compared to its average volume of 1,539,790. Marriott International, Inc. has a 1 year low of $165.13 and a 1 year high of $260.57. The firm has a market cap of $67.00 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 5.24 and a beta of 1.61. The stock’s 50 day moving average is $247.40 and its 200 day moving average is $228.39.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 EPS. As a group, equities research analysts expect that Marriott International, Inc. will post 9.49 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, February 21st. Marriott International’s payout ratio is 21.47%.

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