Oddo BHF Asset Management Sas Invests $2.72 Million in Marriott International, Inc. (NASDAQ:MAR)

Oddo BHF Asset Management Sas purchased a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,946 shares of the company's stock, valued at approximately $2,721,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MAR. Hantz Financial Services Inc. purchased a new position in Marriott International in the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International during the second quarter worth $28,000. Silvant Capital Management LLC purchased a new position in Marriott International during the third quarter valued at $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International in the 3rd quarter valued at $33,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International in the 2nd quarter worth $35,000. 70.70% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Felitia Lee sold 916 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares of the company's stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 in the last quarter. 12.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein lifted their target price on Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their price target on shares of Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their price target on Marriott International from $249.00 to $286.00 and gave the stock an "equal weight" rating in a research report on Friday. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $266.25.

Marriott International Stock Down 1.0 %

Shares of MAR traded down $2.91 during trading hours on Friday, reaching $287.08. 797,449 shares of the company traded hands, compared to its average volume of 1,446,553. The business has a fifty day moving average price of $274.76 and a 200-day moving average price of $248.69. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45. The stock has a market capitalization of $79.78 billion, a P/E ratio of 30.03, a P/E/G ratio of 5.56 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during 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%. The company'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 business earned $2.11 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International's dividend payout ratio is currently 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.