BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 181.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,903 shares of the company's stock after purchasing an additional 16,701 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Marriott International were worth $7,225,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its position in shares of Marriott International by 0.8% during the 4th quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after acquiring an additional 56,978 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after buying an additional 60,458 shares during the last quarter. Capital International Investors boosted its holdings in shares of Marriott International by 0.3% in the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company's stock valued at $1,316,682,000 after buying an additional 15,923 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Marriott International by 50.8% in the 4th 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 during the last quarter. Finally, Invesco Ltd. lifted its position in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after acquiring an additional 512,963 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.
Insider Buying and Selling
In other news, insider William P. Brown sold 12,642 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 over the last ninety days. 10.68% of the stock is owned by insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Susquehanna lifted their target price on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Melius Research upgraded Marriott International to a "strong-buy" rating in a research note on Monday. Morgan Stanley lowered their target price on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research report on Tuesday. Truist Financial reduced their price target on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $245.00 price objective (down from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Fourteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $273.10.
View Our Latest Analysis on Marriott International
Marriott International Price Performance
MAR traded up $6.47 during trading hours on Thursday, reaching $236.26. 2,329,375 shares of the stock traded hands, compared to its average volume of 1,576,384. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The company has a market cap of $65.20 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 3.42 and a beta of 1.42. The firm's fifty day simple moving average is $246.15 and its two-hundred day simple moving average is $267.64.
Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.
Marriott International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio is presently 30.29%.
Marriott International Company Profile
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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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