Marriott International, Inc. (NASDAQ:MAR) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC boosted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 119.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,755 shares of the company's stock after purchasing an additional 3,128 shares during the quarter. HighPoint Advisor Group LLC's holdings in Marriott International were worth $1,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MAR. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Marriott International by 3.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,967 shares of the company's stock worth $2,501,000 after buying an additional 328 shares in the last quarter. Rodgers Brothers Inc. boosted its position in shares of Marriott International by 14.5% during the 4th quarter. Rodgers Brothers Inc. now owns 1,975 shares of the company's stock valued at $551,000 after acquiring an additional 250 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Marriott International by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 580,110 shares of the company's stock valued at $161,816,000 after purchasing an additional 2,517 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in Marriott International by 1.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 5,350 shares of the company's stock valued at $1,492,000 after purchasing an additional 53 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

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Marriott International Stock Performance

Marriott International stock traded down $10.04 during mid-day trading on Friday, reaching $214.58. 3,573,896 shares of the company were exchanged, compared to its average volume of 1,524,474. The firm has a market cap of $59.22 billion, a P/E 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 has a fifty day moving average of $267.40 and a 200 day moving average of $270.62.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. Sell-side analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio is presently 30.29%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MAR. The Goldman Sachs Group increased their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Barclays decreased their price target on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Argus boosted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Morgan Stanley raised their target price on shares of Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $286.05.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares of the company's stock, valued at $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 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.

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.