Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,596 shares of the company’s stock after acquiring an additional 115 shares during the period. Fulton Bank N.A.’s holdings in Marriott International were worth $1,003,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MAR. Silvant Capital Management LLC acquired a new stake in Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at approximately $33,000. Cyrus J. Lawrence LLC bought a new position in Marriott International during the second quarter worth $36,000. Kathleen S. Wright Associates Inc. bought a new stake in Marriott International during the third quarter valued at $40,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Marriott International during the second quarter worth $41,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein raised their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Barclays boosted their price target on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Mizuho lifted their price objective on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research 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 stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $269.65.

Marriott International Stock Up 1.4 %

NASDAQ:MAR opened at $273.53 on Thursday. The business’s 50-day moving average price is $281.52 and its 200 day moving average price is $254.43. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45. The firm has a market cap of $76.01 billion, a P/E ratio of 28.61, a PEG ratio of 5.47 and a beta of 1.57.

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

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is 26.36%.

Insider Buying and Selling

In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on 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. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is owned by corporate insiders.

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.