Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,238 shares of the company's stock after selling 1,391 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Marriott International were worth $13,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAR. NewEdge Wealth LLC grew its position in Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after purchasing an additional 1,112 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Marriott International during the 3rd quarter worth approximately $2,721,000. Union Bancaire Privee UBP SA purchased a new stake in Marriott International during the 4th quarter worth approximately $2,990,000. Kinsale Capital Group Inc. purchased a new stake in Marriott International during the 3rd quarter worth approximately $3,769,000. Finally, Markel Group Inc. grew its position in Marriott International by 30.6% during the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock worth $13,110,000 after purchasing an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Activity at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William P. Brown sold 12,642 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by company insiders.

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Marriott International Stock Up 3.0 %

Shares of Marriott International stock traded up $7.23 during trading hours on Wednesday, reaching $247.62. 1,373,427 shares of the company's stock were exchanged, compared to its average volume of 1,417,027. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The company has a market capitalization of $68.27 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The business has a fifty day moving average of $277.29 and a two-hundred day moving average of $270.12.

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

Marriott International Announces Dividend

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 issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Analyst Ratings Changes

Several brokerages have commented on MAR. Wells Fargo & Company decreased their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Jefferies Financial Group lifted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Mizuho lifted their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Marriott International currently has an average rating of "Hold" and a consensus price target of $286.45.

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.