Confluence Wealth Services Inc. Invests $291,000 in Marriott International, Inc. (NASDAQ:MAR)

Confluence Wealth Services Inc. purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MARGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,763 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds also recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new position in Marriott International during the 4th quarter worth $25,000. CVA Family Office LLC purchased a new stake in shares of Marriott International during the fourth quarter worth about $27,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Marriott International during the fourth quarter worth about $29,000. Consolidated Planning Corp purchased a new stake in Marriott International in the third quarter valued at approximately $30,000. Finally, Blue Bell Private Wealth Management LLC acquired a new position in Marriott International in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 59.86% of the company’s stock.

In other Marriott International news, CFO Kathleen K. Oberg sold 10,071 shares of the company’s stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $180.21, for a total value of $1,814,894.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William P. Brown sold 2,826 shares of the company’s stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $179.82, for a total transaction of $508,171.32. The disclosure for this sale can be found here. Insiders sold a total of 20,373 shares of company stock valued at $3,677,904 over the last quarter. 12.21% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on MAR shares. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research note on Thursday, April 21st. Deutsche Bank Aktiengesellschaft increased their price target on Marriott International from $150.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. Jefferies Financial Group raised their target price on Marriott International from $192.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, February 16th. Morgan Stanley raised their target price on Marriott International from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 16th. Finally, StockNews.com began coverage on Marriott International in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.30.

MAR opened at $166.40 on Friday. The stock has a market cap of $54.46 billion, a price-to-earnings ratio of 36.90 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $127.23 and a 1 year high of $195.90. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 4.93. The stock has a fifty day moving average price of $172.45 and a 200 day moving average price of $165.38.

Marriott International (NASDAQ:MARGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.30. Marriott International had a return on equity of 116.74% and a net margin of 9.45%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 81.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Marriott International, Inc. will post 5.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Monday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.20 annualized dividend and a yield of 0.72%.

Marriott International Profile (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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