2,842 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by BCS Wealth Management

BCS Wealth Management purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,842 shares of the company's stock, valued at approximately $793,000.

Several other institutional investors have also added to or reduced their stakes in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company's stock valued at $254,613,000 after purchasing an additional 46,563 shares during the last quarter. National Pension Service grew its stake in shares of Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company's stock worth $178,896,000 after buying an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company's stock worth $164,355,000 after buying an additional 33,149 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock valued at $152,399,000 after acquiring an additional 47,551 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock worth $140,844,000 after acquiring an additional 2,723 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 1,707 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 over the last three months. Company insiders own 12.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MAR shares. The Goldman Sachs Group increased their price objective on Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Mizuho raised their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Finally, Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and an average price target of $269.65.

Marriott International Trading Up 1.5 %

Shares of MAR traded up $4.14 during mid-day trading on Tuesday, reaching $276.43. 1,105,994 shares of the stock traded hands, compared to its average volume of 1,237,633. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The firm has a fifty day moving average price of $282.64 and a 200 day moving average price of $255.36. The company has a market cap of $76.82 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 5.47 and a beta of 1.57.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same period in the prior year, the firm earned $2.11 EPS. Marriott International's quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, November 21st. Marriott International's dividend payout ratio is presently 26.36%.

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.