Artisan Partners Limited Partnership Has $78.19 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Artisan Partners Limited Partnership decreased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,304 shares of the company's stock after selling 230,780 shares during the period. Artisan Partners Limited Partnership owned approximately 0.10% of Marriott International worth $78,188,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Marriott International by 7.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 388,037 shares of the company's stock valued at $106,819,000 after purchasing an additional 27,854 shares during the period. Korea Investment CORP increased its holdings in Marriott International by 51.1% in the 4th quarter. Korea Investment CORP now owns 137,952 shares of the company's stock valued at $38,480,000 after buying an additional 46,652 shares during the period. Graney & King LLC bought a new position in shares of Marriott International during the 4th quarter worth about $82,000. Parametrica Management Ltd acquired a new stake in shares of Marriott International during the 4th quarter valued at about $337,000. Finally, Mizuho Securities Co. Ltd. increased its stake in Marriott International by 521.4% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 1,740 shares of the company's stock valued at $488,000 after acquiring an additional 1,460 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Truist Financial lowered their price objective on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. UBS Group lifted their price objective on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Barclays lowered their target price on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $286.05.

Marriott International Stock Up 0.3 %

Shares of Marriott International stock traded up $0.73 during trading on Monday, reaching $237.74. 741,973 shares of the company were exchanged, compared to its average volume of 1,498,621. The business has a 50-day moving average price of $272.32 and a 200-day moving average price of $270.93. The firm has a market capitalization of $65.54 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Insiders Place Their Bets

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction on 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 directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total value 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 $7,089,714.45. This represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company's stock.

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.