Bank Julius Baer & Co. Ltd Zurich Raises Position in Marriott International, Inc. (NASDAQ:MAR)

Bank Julius Baer & Co. Ltd Zurich lifted its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 35,705.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,686 shares of the company's stock after buying an additional 241,011 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.09% of Marriott International worth $71,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company's stock worth $94,000 after purchasing an additional 37 shares in the last quarter. TFG Advisers LLC grew its position in shares of Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after buying an additional 37 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after acquiring an additional 38 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in Marriott International by 1.1% during the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after acquiring an additional 38 shares in the last quarter. Finally, Essex Financial Services Inc. grew its holdings in Marriott International by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock worth $838,000 after purchasing an additional 39 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of Marriott International stock traded up $0.12 on Friday, hitting $262.75. 2,337,363 shares of the company's stock were exchanged, compared to its average volume of 1,638,634. The company has a 50-day simple moving average of $281.57 and a 200-day simple moving average of $268.95. The stock has a market capitalization of $72.44 billion, a PE ratio of 31.58, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is 30.29%.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Barclays decreased their target price on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Truist Financial raised their target price on shares of Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Susquehanna raised their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group raised their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $286.45.

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.