Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,966 shares of the company's stock after acquiring an additional 4,526 shares during the period. Cibc World Markets Corp's holdings in Marriott International were worth $11,985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MAR. Raymond James Financial Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at about $165,162,000. PointState Capital LP acquired a new position in Marriott International during the third quarter worth $98,249,000. Proficio Capital Partners LLC increased its stake in shares of Marriott International by 36,564.5% during the fourth 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 in the last quarter. Assenagon Asset Management S.A. increased its stake in Marriott International by 341.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company's stock worth $106,339,000 after buying an additional 294,898 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Marriott International by 35,705.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company's stock valued at $71,681,000 after acquiring an additional 241,011 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

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Marriott International Stock Down 3.0 %

Marriott International stock traded down $7.35 during trading on Friday, reaching $237.49. The stock had a trading volume of 4,300,810 shares, compared to its average volume of 1,426,497. 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 $276.20 and a 200 day moving average price of $269.79. The stock has a market cap of $65.47 billion, a PE ratio of 28.54, a P/E/G ratio of 3.42 and a beta of 1.58.

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, 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%. On average, 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. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Analysts Set New Price Targets

Several research analysts recently commented on MAR shares. Morgan Stanley increased their price objective on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Mizuho increased their target price on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Argus upped their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a report on Tuesday, February 4th. Finally, Stifel Nicolaus increased their price target on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $286.05.

Insider Activity at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan C. Schwab sold 1,054 shares of the company'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 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 ownership of the stock. 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 ninety days. Insiders own 12.32% of the company's stock.

About Marriott International

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.