Amundi lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,180 shares of the company's stock after selling 570,895 shares during the period. Amundi owned approximately 0.19% of Marriott International worth $146,935,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company's stock worth $94,000 after acquiring an additional 37 shares during the last quarter. TFG Advisers LLC raised its holdings in Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock valued at $1,235,000 after buying an additional 37 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock valued at $918,000 after buying an additional 38 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in Marriott International by 1.1% during the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock valued at $953,000 after buying an additional 38 shares during the last quarter. Finally, Essex Financial Services Inc. raised its holdings in Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock valued at $838,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.
Insider Buying and Selling
In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company's stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.
Marriott International Stock Performance
Shares of MAR stock traded down $6.52 during trading hours on Thursday, reaching $237.29. The company had a trading volume of 2,026,458 shares, compared to its average volume of 1,430,092. The business has a fifty day moving average price of $279.01 and a 200-day moving average price of $269.24. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm has a market cap of $65.42 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.
Marriott International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is 30.29%.
Analyst Ratings Changes
A number of research firms recently commented on MAR. Stifel Nicolaus upped their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. UBS Group boosted their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Argus boosted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Susquehanna upped their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Marriott International presently has a consensus rating of "Hold" and an average price target of $286.45.
Read Our Latest Analysis on MAR
About Marriott International
(
Free Report)
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.
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