Fmr LLC Has $1.95 Billion Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

FMR LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,973,897 shares of the company's stock after buying an additional 56,978 shares during the quarter. FMR LLC owned about 2.51% of Marriott International worth $1,945,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Marriott International during the fourth quarter worth about $580,922,000. Wellington Management Group LLP increased 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 in the last quarter. Raymond James Financial Inc. acquired a new position in Marriott International during the fourth quarter valued at approximately $165,162,000. Proficio Capital Partners LLC grew its stake in 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 buying an additional 359,795 shares during the period. Finally, Assenagon Asset Management S.A. raised 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 acquiring an additional 294,898 shares during the period. Hedge funds and other institutional investors own 70.70% of the company's stock.

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Marriott International Trading Up 1.0 %

MAR traded up $2.30 on Friday, hitting $225.22. 2,013,785 shares of the company's stock were exchanged, compared to its average volume of 1,568,203. The stock has a fifty day moving average of $257.79 and a two-hundred day moving average of $269.36. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market cap of $62.15 billion, a PE ratio of 27.07, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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, analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is 30.29%.

Analyst Ratings Changes

Several brokerages recently issued reports on MAR. Morgan Stanley increased their price target on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Wells Fargo & Company decreased their price target 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. Argus lifted 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 shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research note on Tuesday, February 4th. Finally, Mizuho boosted their price objective on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marriott International presently has an average rating of "Hold" and a consensus target price of $282.60.

Insider Buying and Selling at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's 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 directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was 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 valued at $8,938,132 in the last quarter. Corporate insiders own 12.32% of the company's stock.

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.