Vanguard Group Inc. Has $5.59 Billion Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Vanguard Group Inc. trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,052,091 shares of the company's stock after selling 150,830 shares during the quarter. Vanguard Group Inc. owned 7.22% of Marriott International worth $5,593,330,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Marriott International in the 4th quarter valued at $165,162,000. PointState Capital LP acquired a new position in Marriott International during the third quarter valued at approximately $98,249,000. Proficio Capital Partners LLC grew its stake in Marriott International by 36,564.5% in the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock valued at $100,636,000 after purchasing an additional 359,795 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company's stock valued at $106,339,000 after buying an additional 294,898 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Marriott International by 35,705.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company's stock worth $71,681,000 after buying an additional 241,011 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. 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 report on Thursday, January 16th. Jefferies Financial Group boosted their target price on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Stifel Nicolaus lifted 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. Wells Fargo & Company decreased their price target on shares of 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, Mizuho upped their target price on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Marriott International presently has an average rating of "Hold" and a consensus price target of $286.05.

Marriott International Trading Up 1.5 %

Marriott International stock traded up $3.56 during midday trading on Tuesday, reaching $246.48. The company's stock had a trading volume of 1,401,105 shares, compared to its average volume of 1,428,215. The business has a 50-day moving average price of $274.94 and a 200-day moving average price of $270.47. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market cap of $67.95 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.02%. Marriott International's dividend payout ratio is presently 30.29%.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 12,642 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their position. 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 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.