BCS Wealth Management Invests $793,000 in Marriott International, Inc. (NASDAQ:MAR)

BCS Wealth Management acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,842 shares of the company’s stock, valued at approximately $793,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Silvant Capital Management LLC acquired a new position in shares of Marriott International during the third quarter worth approximately $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International during the 3rd quarter valued at $33,000. Cyrus J. Lawrence LLC bought a new position in shares of Marriott International in the second quarter worth $36,000. ORG Partners LLC increased its holdings in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Marriott International during the third quarter valued at about $40,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Up 0.6 %

Shares of Marriott International stock opened at $272.29 on Tuesday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The stock has a market cap of $75.67 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 5.47 and a beta of 1.57. The business has a fifty day simple moving average of $282.31 and a 200-day simple moving average of $255.12.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the company earned $2.11 earnings per share. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analyst Weigh In

MAR has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Robert W. Baird upped their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Bank of America lifted their price target on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. TD Cowen cut their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Mizuho lifted their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $269.65.

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.