Lazard Freres Gestion S.A.S. bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 69,583 shares of the company's stock, valued at approximately $19,409,000.
A number of other large investors have also made changes to their positions in MAR. Charles Schwab Investment Management Inc. boosted its holdings in Marriott International by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after purchasing an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Marriott International by 4.8% in 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 period. Janus Henderson Group PLC grew its position in Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock worth $152,399,000 after purchasing an additional 47,551 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth approximately $165,162,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock valued at $140,844,000 after purchasing an additional 2,723 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.
Marriott International Price Performance
Shares of NASDAQ:MAR traded up $5.00 on Monday, hitting $248.11. 1,971,913 shares of the company's stock were exchanged, compared to its average volume of 1,413,354. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The stock has a market capitalization of $68.40 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The business's 50 day simple moving average is $278.37 and its two-hundred day simple moving average is $269.96.
Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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 forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.
Marriott International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. Marriott International's payout ratio is currently 30.29%.
Analyst Ratings Changes
Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. UBS Group boosted their price objective on Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Stifel Nicolaus raised their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Barclays cut their target price 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $286.45.
Read Our Latest Report on MAR
Insider Buying and Selling
In related news, 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 transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the 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 owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This represents a 18.80 % 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 worth $8,938,132 in the last quarter. 12.32% of the stock is owned by insiders.
About Marriott International
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Free Report)
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.
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