Border to Coast Pensions Partnership Ltd Buys 42,538 Shares of Marriott International, Inc. (NASDAQ:MAR)

Border to Coast Pensions Partnership Ltd increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 38.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,609 shares of the company's stock after buying an additional 42,538 shares during the period. Border to Coast Pensions Partnership Ltd owned 0.05% of Marriott International worth $42,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MAR. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $793,000. BayBridge Capital Group LLC acquired a new stake in Marriott International in the third quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. increased 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. Oddo BHF Asset Management Sas bought a new position in shares of Marriott International during the 3rd quarter worth about $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new stake in shares of Marriott International in the 3rd quarter valued at about $3,769,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company's stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company's stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock worth $3,919,739 over the last 90 days. Corporate insiders own 10.07% of the company's stock.

Marriott International Stock Up 0.4 %

Marriott International stock traded up $1.18 during trading on Friday, hitting $277.18. The stock had a trading volume of 1,800,667 shares, compared to its average volume of 994,544. The stock's 50 day moving average is $282.53 and its two-hundred day moving average is $255.91. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The stock has a market cap of $77.03 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $2.11 EPS. As a group, equities research analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. Marriott International's payout ratio is 26.36%.

Analysts Set New Price Targets

Several brokerages have issued reports on MAR. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday. Bank of America lifted their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, Evercore ISI raised their price target on shares of Marriott International from $245.00 to $270.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Marriott International currently has a consensus rating of "Hold" and a consensus price target of $272.15.

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.