Miracle Mile Advisors LLC Increases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Miracle Mile Advisors LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 84.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,577 shares of the company's stock after acquiring an additional 2,550 shares during the period. Miracle Mile Advisors LLC's holdings in Marriott International were worth $1,556,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. 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 third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company's stock worth $254,613,000 after purchasing an additional 46,563 shares in the last quarter. National Pension Service grew its stake in Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company's stock worth $178,896,000 after buying an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $164,355,000 after buying an additional 33,149 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock valued at $152,399,000 after buying an additional 47,551 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position 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 worth $140,844,000 after acquiring an additional 2,723 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MAR shares. The Goldman Sachs Group raised their price target on Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Barclays increased their target price on shares of Marriott International from $249.00 to $286.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Finally, Jefferies Financial Group upped their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International has an average rating of "Hold" and an average target price of $269.65.

Marriott International Stock Performance

MAR stock traded down $0.38 on Wednesday, reaching $276.05. The company's stock had a trading volume of 1,513,370 shares, compared to its average volume of 1,269,129. The firm has a market cap of $76.71 billion, a PE ratio of 28.88, a PEG ratio of 5.47 and a beta of 1.57. The business has a fifty day simple moving average of $282.64 and a two-hundred day simple moving average of $255.36. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45.

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

Marriott International Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the business'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 owns 108,361 shares of the company's stock, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 over the last quarter. Corporate 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.