Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 28.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 255,929 shares of the company's stock after buying an additional 57,117 shares during the quarter. National Bank of Canada FI owned about 0.09% of Marriott International worth $71,391,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. TFG Advisers LLC grew its position in shares of Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company's stock worth $1,235,000 after acquiring an additional 37 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company's stock worth $918,000 after purchasing an additional 38 shares during the period. Evermay Wealth Management LLC increased its stake in Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company's stock valued at $953,000 after purchasing an additional 38 shares during the period. Essex Financial Services Inc. raised its holdings in shares of Marriott International by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company's stock valued at $838,000 after buying an additional 39 shares during the last quarter. Finally, Monument Capital Management boosted its stake in shares of Marriott International by 5.2% during the fourth quarter. Monument Capital Management now owns 853 shares of the company's stock worth $238,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

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Marriott International Stock Performance

Marriott International stock traded down $10.04 during trading on Friday, reaching $214.58. 3,573,896 shares of the company's stock were exchanged, compared to its average volume of 1,523,553. The firm has a market cap of $59.22 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company's 50-day moving average is $267.40 and its two-hundred day moving average is $270.38.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 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%. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.17%. Marriott International's dividend payout ratio is presently 30.29%.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction that occurred on 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 $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 in the last ninety days. Corporate insiders own 12.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Truist Financial decreased their price target on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a report on Friday, March 21st. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley upped their price target on Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Marriott International currently has an average rating of "Hold" and an average target price of $286.05.

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.