Geode Capital Management LLC Acquires 60,458 Shares of Marriott International, Inc. (NASDAQ:MAR)

Geode Capital Management LLC raised its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,026,529 shares of the company's stock after acquiring an additional 60,458 shares during the quarter. Geode Capital Management LLC owned approximately 1.81% of Marriott International worth $1,398,321,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Marriott International during the fourth quarter valued at about $580,922,000. Wellington Management Group LLP lifted its holdings in shares of Marriott International by 50.8% during the fourth 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 period. Raymond James Financial Inc. bought a new stake in shares of Marriott International in the fourth quarter worth $165,162,000. PointState Capital LP acquired a new position in shares of Marriott International in the third quarter worth approximately $98,249,000. Finally, Proficio Capital Partners LLC boosted its stake in shares of Marriott International by 36,564.5% in the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock valued at $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.

Analyst Ratings Changes

Several research firms recently commented on MAR. Susquehanna raised their target price on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Truist Financial dropped their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group boosted their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Finally, Barclays dropped their price objective on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $286.05.

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Marriott International Trading Down 4.5 %

Shares of NASDAQ MAR traded down $10.04 during midday trading on Friday, hitting $214.58. 3,573,896 shares of the company's stock were exchanged, compared to its average volume of 1,523,553. The company has a market cap of $59.22 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The business's fifty day moving average price is $267.40 and its two-hundred day moving average price is $270.38.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts expect 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 paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is 30.29%.

Insider Buying and Selling at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The stock was 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 $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares of the company's stock, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. 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 90 days. Insiders own 12.32% of the company's stock.

Marriott International 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.