Bank of Nova Scotia Has $7.31 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Bank of Nova Scotia lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 63.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,197 shares of the company's stock after selling 46,111 shares during the quarter. Bank of Nova Scotia's holdings in Marriott International were worth $7,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MAR. FMR LLC boosted its holdings in Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after purchasing an additional 56,978 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock valued at $1,398,321,000 after acquiring an additional 60,458 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. Invesco Ltd. boosted its position in Marriott International by 17.4% during the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after purchasing an additional 512,963 shares during the period. Finally, Norges Bank bought a new position in shares of Marriott International in the fourth quarter valued at approximately $580,922,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction 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 trade represents a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Performance

Marriott International stock traded down $0.91 during trading hours on Tuesday, reaching $222.58. 1,204,622 shares of the company's stock traded hands, compared to its average volume of 1,566,538. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm's 50 day moving average is $256.42 and its 200-day moving average is $269.28. The firm has a market capitalization of $61.42 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.42 and a beta of 1.42.

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

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Analysts Set New Price Targets

MAR has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Mizuho upped their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Argus upped their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $245.00 target price (down from $313.00) on shares of Marriott International in a research report on Monday. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $279.15.

Marriott International 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.