Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,150 shares of the company's stock after purchasing an additional 8,364 shares during the quarter. Boothbay Fund Management LLC's holdings in Marriott International were worth $14,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Marriott International during the 4th quarter worth $580,922,000. Wellington Management Group LLP grew its position in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Marriott International during the 4th quarter worth $165,162,000. Invesco Ltd. grew its position in Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in Marriott International by 36,564.5% during the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock worth $100,636,000 after purchasing an additional 359,795 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAR has been the topic of several research reports. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group reissued a "neutral" rating and set a $245.00 price objective (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Barclays reduced their price objective on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group increased their target price on Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Fourteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Marriott International currently has a consensus rating of "Hold" and an average target price of $273.10.

Insider Activity

In related news, insider William P. Brown sold 12,642 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now directly owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 over the last quarter. Company insiders own 10.68% of the company's stock.

Marriott International Price Performance

Marriott International stock traded up $2.74 during mid-day trading on Tuesday, hitting $239.67. 2,255,105 shares of the company were exchanged, compared to its average volume of 1,586,210. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The business's 50 day simple moving average is $243.15 and its two-hundred day simple moving average is $267.28. The company has a market capitalization of $66.14 billion, a P/E ratio of 28.81, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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 predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio is presently 30.29%.

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.