Boussard & Gavaudan Investment Management LLP Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Boussard & Gavaudan Investment Management LLP bought a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,414 shares of the company's stock, valued at approximately $1,518,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Marriott International during the fourth quarter valued at $580,922,000. Raymond James Financial Inc. bought a new position in Marriott International during the fourth quarter valued at approximately $165,162,000. PointState Capital LP acquired a new stake in Marriott International in the third quarter valued at approximately $98,249,000. Proficio Capital Partners LLC increased its stake in shares of 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. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company's stock valued at $106,339,000 after purchasing an additional 294,898 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Transactions at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm'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 completion of the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock valued at $8,938,132 in the last three months. 12.32% of the stock is owned by corporate insiders.

Marriott International Trading Down 0.3 %

NASDAQ MAR traded down $0.70 on Tuesday, reaching $237.50. The company's stock had a trading volume of 544,721 shares, compared to its average volume of 1,712,831. The firm has a market cap of $65.48 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a 50-day moving average price of $271.54 and a 200 day moving average price of $270.98.

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, topping 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%. Analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Analysts Set New Price Targets

A number of analysts have weighed in on MAR shares. Susquehanna boosted their price target on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report 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 report on Tuesday, February 18th. UBS Group increased their price target on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Finally, Mizuho boosted their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $286.05.

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.