Old Port Advisors Takes $220,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Old Port Advisors acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 789 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MAR. Founders Financial Securities LLC acquired a new position in Marriott International in the second quarter valued at about $1,245,000. TD Asset Management Inc boosted its position in shares of Marriott International by 13.6% during the 2nd quarter. TD Asset Management Inc now owns 114,776 shares of the company’s stock worth $27,749,000 after acquiring an additional 13,717 shares in the last quarter. Range Financial Group LLC raised its position in Marriott International by 3.5% during the second quarter. Range Financial Group LLC now owns 9,646 shares of the company’s stock valued at $2,332,000 after purchasing an additional 324 shares in the last quarter. Mayflower Financial Advisors LLC lifted its stake in Marriott International by 4.2% during the second quarter. Mayflower Financial Advisors LLC now owns 1,331 shares of the company’s stock worth $322,000 after purchasing an additional 54 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of Marriott International by 23.7% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 815 shares of the company’s stock valued at $197,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MAR. TD Cowen reduced their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Macquarie reissued a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, BMO Capital Markets raised their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $269.65.

Insiders Place Their Bets

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Down 1.6 %

Shares of MAR opened at $274.45 on Friday. The company has a 50-day moving average price of $280.75 and a two-hundred day moving average price of $253.55. 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 $76.27 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 5.47 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its 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 net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the firm posted $2.11 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

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, City Express by Marriott, and St.