Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,414 shares of the company's stock, valued at approximately $1,518,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Larson Financial Group LLC boosted its position in Marriott International by 10.8% during the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company's stock valued at $94,000 after purchasing an additional 37 shares during the period. TFG Advisers LLC increased its holdings in shares of Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after acquiring an additional 37 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock valued at $918,000 after purchasing an additional 38 shares during the period. Evermay Wealth Management LLC grew its position in Marriott International by 1.1% in the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock worth $953,000 after purchasing an additional 38 shares during the last quarter. Finally, Essex Financial Services Inc. raised its holdings in shares of Marriott International by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock valued at $838,000 after buying an additional 39 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Marriott International
In other Marriott International news, insider William P. Brown sold 12,642 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares of the company's stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on 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 directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last quarter. Company insiders own 12.32% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on MAR. Mizuho boosted their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Barclays decreased their price objective on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group upped their target price on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their target price on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $286.05.
Check Out Our Latest Report on Marriott International
Marriott International Price Performance
NASDAQ MAR traded up $1.42 on Monday, hitting $238.43. 1,036,670 shares of the stock were exchanged, compared to its average volume of 1,500,175. The company's 50-day moving average price is $272.32 and its two-hundred day moving average price is $270.93. The company has a market capitalization of $65.74 billion, a price-to-earnings ratio of 28.58, a P/E/G 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.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. Equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.
Marriott International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Marriott International's payout ratio is 30.29%.
Marriott International 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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