Adage Capital Partners GP L.L.C. Has $68.49 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Adage Capital Partners GP L.L.C. trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,525 shares of the company's stock after selling 44,700 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Marriott International worth $68,487,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Invst LLC boosted its stake in shares of Marriott International by 3.1% during the 3rd quarter. Invst LLC now owns 8,258 shares of the company's stock worth $2,053,000 after acquiring an additional 252 shares in the last quarter. Diamant Asset Management Inc. purchased a new position in Marriott International during the third quarter worth approximately $373,000. Wilmington Savings Fund Society FSB acquired a new stake in Marriott International in the third quarter valued at approximately $1,260,000. Optimist Retirement Group LLC raised its stake in shares of Marriott International by 7.7% during the 3rd quarter. Optimist Retirement Group LLC now owns 894 shares of the company's stock worth $222,000 after buying an additional 64 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Marriott International by 86.8% during the 3rd quarter. Tidal Investments LLC now owns 16,375 shares of the company's stock valued at $4,071,000 after buying an additional 7,607 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on MAR. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $245.00 price objective (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Argus boosted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Truist Financial decreased their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group reduced their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, 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 research note on Wednesday, February 12th. Fourteen investment 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. According to data from MarketBeat.com, Marriott International has a consensus rating of "Hold" and a consensus price target of $273.10.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred 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 directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. Insiders own 10.68% of the company's stock.

Marriott International Stock Down 0.0 %

Shares of NASDAQ MAR traded down $0.06 during mid-day trading on Friday, hitting $236.20. 1,989,799 shares of the company traded hands, compared to its average volume of 1,578,669. The business has a 50 day moving average of $244.16 and a two-hundred day moving average of $267.41. The stock has a market capitalization of $65.18 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results 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%. As a group, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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

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.