ING Groep NV Has $12.66 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

ING Groep NV lowered its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 64.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,904 shares of the company's stock after selling 90,383 shares during the period. ING Groep NV's holdings in Marriott International were worth $12,655,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company's stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the period. Capital International Investors lifted its position in Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company's stock valued at $831,836,000 after buying an additional 149,378 shares in the last quarter. National Pension Service increased its position in shares of Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company's stock worth $178,896,000 after acquiring an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company's stock valued at $164,355,000 after acquiring an additional 33,149 shares during the period. Finally, First Pacific Advisors LP lifted its position in Marriott International by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company's stock worth $148,255,000 after acquiring an additional 12,499 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR stock traded down $3.24 on Friday, reaching $278.78. The company's stock had a trading volume of 1,751,074 shares, compared to its average volume of 1,474,450. The firm has a fifty day moving average of $255.57 and a two-hundred day moving average of $241.46. The company has a market capitalization of $77.47 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 5.63 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.04.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $2.11 earnings per share. As a group, equities analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, November 21st. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company's stock, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,108 shares of company stock valued at $3,434,439. Insiders own 12.32% of the company's stock.

Wall Street Analyst Weigh In

MAR has been the subject of several analyst reports. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Marriott International from $222.00 to $216.00 and set a "hold" rating on the stock in a research report on Thursday, August 1st. TD Cowen lowered their price objective on Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Sanford C. Bernstein increased their target price on Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Mizuho upped their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $259.00.

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.