TD Waterhouse Canada Inc. Purchases 2,386 Shares of Marriott International, Inc. (NASDAQ:MAR)

TD Waterhouse Canada Inc. boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,093 shares of the company's stock after purchasing an additional 2,386 shares during the period. TD Waterhouse Canada Inc.'s holdings in Marriott International were worth $24,292,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its position in shares of Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock valued at $1,945,299,000 after purchasing an additional 56,978 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Marriott International by 1.2% in 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 purchasing an additional 60,458 shares during the period. Capital International Investors boosted its stake in shares of Marriott International by 0.3% in the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company's stock valued at $1,316,682,000 after purchasing an additional 15,923 shares in the last quarter. Wellington Management Group LLP grew its stake in Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after buying an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. raised its position in Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after purchasing an additional 512,963 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAR. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. UBS Group increased their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Mizuho raised their target price 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. The Goldman Sachs Group restated a "neutral" rating and set a $245.00 price objective (down from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Finally, Morgan Stanley decreased their price target on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $273.10.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International 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 completion of the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 in the last quarter. 10.68% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $0.06 during midday trading on Friday, reaching $236.20. The stock had a trading volume of 1,989,799 shares, compared to its average volume of 1,575,142. The company's 50 day moving average price is $245.20 and its 200 day moving average price is $267.51. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market cap of $65.18 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued 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 net margin of 9.46% and a negative return on equity of 116.67%. Equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is 30.29%.

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.