Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Czech National Bank

Czech National Bank grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,010 shares of the company's stock after purchasing an additional 2,411 shares during the period. Czech National Bank's holdings in Marriott International were worth $13,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Larson Financial Group LLC grew its holdings in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company's stock valued at $94,000 after buying an additional 37 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company's stock valued at $2,162,000 after purchasing an additional 38 shares during the last quarter. Haverford Trust Co increased its holdings in shares of Marriott International by 1.0% in the third quarter. Haverford Trust Co now owns 4,207 shares of the company's stock valued at $1,046,000 after purchasing an additional 40 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Marriott International by 2.6% during the third quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company's stock worth $500,000 after purchasing an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its position in Marriott International by 3.7% in the third quarter. Rosenberg Matthew Hamilton now owns 1,443 shares of the company's stock valued at $359,000 after buying an additional 51 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now owns 23,077 shares in the company, valued at $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 available at this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MAR shares. Truist Financial upped their target price on Marriott International from $254.00 to $277.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Mizuho increased their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $269.65.

Marriott International Stock Performance

Shares of MAR stock traded up $4.14 during mid-day trading on Tuesday, hitting $276.43. 1,105,994 shares of the stock were exchanged, compared to its average volume of 1,237,633. The stock's fifty day simple moving average is $282.64 and its two-hundred day simple moving average is $255.36. The stock has a market capitalization of $76.82 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 5.47 and a beta of 1.57. 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 quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

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.