Marriott International, Inc. (NASDAQ:MAR) Stake Increased by Candriam S.C.A.

Candriam S.C.A. increased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,219 shares of the company's stock after purchasing an additional 8,466 shares during the quarter. Candriam S.C.A.'s holdings in Marriott International were worth $26,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its holdings in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at about $33,000. Wingate Wealth Advisors Inc. purchased a new position in Marriott International during the 4th quarter valued at about $33,000. ORG Partners LLC raised its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after acquiring an additional 84 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Trading Down 2.1 %

NASDAQ:MAR traded down $5.53 on Monday, hitting $257.22. 2,443,778 shares of the stock were exchanged, compared to its average volume of 1,418,149. The stock has a market cap of $70.91 billion, a PE ratio of 30.92, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The stock has a fifty day moving average of $281.57 and a 200-day moving average of $269.27.

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Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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%. As a group, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.98%. Marriott International's dividend payout ratio is currently 30.29%.

Insiders Place Their Bets

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last quarter. 12.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on Marriott International from $277.00 to $308.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price objective on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Jefferies Financial Group lifted their price objective on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. The Goldman Sachs Group raised their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Susquehanna boosted their price objective on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marriott International has a consensus rating of "Hold" and an average target price of $286.45.

About Marriott International

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.