Bank of Montreal Can Buys 26,214 Shares of Marriott International, Inc. (NASDAQ:MAR)

Bank of Montreal Can grew its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 583,838 shares of the company's stock after purchasing an additional 26,214 shares during the period. Bank of Montreal Can owned about 0.21% of Marriott International worth $162,856,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FMR LLC boosted its position in Marriott International by 0.8% during the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock valued at $1,945,299,000 after purchasing an additional 56,978 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Marriott International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock valued at $1,398,321,000 after buying an additional 60,458 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after buying an additional 1,570,144 shares in the last quarter. Norges Bank acquired a new position in Marriott International during the fourth quarter worth $580,922,000. Finally, Charles Schwab Investment Management Inc. raised its position in Marriott International by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after acquiring an additional 32,288 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MAR shares. Argus boosted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Mizuho upped their price objective on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Truist Financial cut their price target on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Susquehanna raised their price objective 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $282.60.

Marriott International Stock Up 1.0 %

Shares of NASDAQ:MAR traded up $2.30 during trading on Friday, hitting $225.22. 2,013,785 shares of the company were exchanged, compared to its average volume of 1,566,748. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The company has a market capitalization of $62.15 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The business's 50 day moving average is $257.79 and its 200-day moving average is $269.49.

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

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, February 27th. Marriott International's payout ratio is currently 30.29%.

Insider Transactions at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 24,733 shares of the company's stock, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company's stock.

Marriott International Company 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.