Jones Financial Companies Lllp Raises Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Jones Financial Companies Lllp raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 59.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,497 shares of the company's stock after purchasing an additional 2,431 shares during the period. Jones Financial Companies Lllp's holdings in Marriott International were worth $1,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company's stock valued at $254,613,000 after purchasing an additional 46,563 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock worth $152,399,000 after buying an additional 47,551 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock valued at $140,844,000 after acquiring an additional 2,723 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Marriott International by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company's stock valued at $110,156,000 after acquiring an additional 12,702 shares in the last quarter. Finally, PointState Capital LP bought a new stake in Marriott International during the 3rd quarter worth $98,249,000. 70.70% of the stock is currently owned by institutional investors.

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Marriott International Price Performance

Shares of Marriott International stock traded down $5.53 during trading on Monday, reaching $257.22. 2,443,503 shares of the company traded hands, compared to its average volume of 1,418,143. The firm has a market capitalization of $70.91 billion, a PE ratio of 30.92, a P/E/G ratio of 3.42 and a beta of 1.58. The company has a 50 day moving average price of $281.57 and a 200-day moving average price of $269.27. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

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

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm'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 transaction, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Susquehanna boosted their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and an average target price of $286.45.

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.