Vista Investment Partners LLC Grows Holdings in Marriott International, Inc. (NASDAQ:MAR)

Vista Investment Partners LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,421 shares of the company’s stock after purchasing an additional 341 shares during the quarter. Vista Investment Partners LLC’s holdings in Marriott International were worth $3,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. boosted its stake in Marriott International by 33.2% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 7,477 shares of the company’s stock worth $2,086,000 after purchasing an additional 1,865 shares during the period. Moody Lynn & Lieberson LLC boosted its position in shares of Marriott International by 3.9% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 22,984 shares of the company’s stock worth $6,411,000 after acquiring an additional 858 shares during the last quarter. Patton Albertson Miller Group LLC bought a new stake in Marriott International in the 4th quarter valued at $219,000. Nikulski Financial Inc. lifted its stake in Marriott International by 1.3% in the 4th quarter. Nikulski Financial Inc. now owns 7,006 shares of the company’s stock worth $1,954,000 after purchasing an additional 90 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Marriott International by 8.9% during the 4th quarter. Fifth Third Bancorp now owns 94,760 shares of the company’s stock valued at $26,432,000 after purchasing an additional 7,770 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was 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 owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last 90 days. Insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MAR. TD Cowen lowered their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Truist Financial increased their target price on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Barclays lifted 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 note on Friday, December 13th. Evercore ISI boosted their target price on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Finally, Sanford C. Bernstein increased their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $272.15.

Marriott International Stock Down 0.3 %

NASDAQ:MAR opened at $284.11 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45. The firm has a 50 day moving average of $282.24 and a 200 day moving average of $257.32. The stock has a market capitalization of $78.95 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 4.64 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 EPS. As a group, analysts expect that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

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, City Express by Marriott, and St.