Natixis Advisors LLC Acquires 44,540 Shares of Marriott International, Inc. (NASDAQ:MAR)

Natixis Advisors LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,499 shares of the company's stock after buying an additional 44,540 shares during the quarter. Natixis Advisors LLC owned 0.10% of Marriott International worth $69,981,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MAR. Canoe Financial LP purchased a new position in Marriott International in the 3rd quarter worth approximately $77,331,000. International Assets Investment Management LLC boosted its stake in shares of Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company's stock valued at $75,208,000 after purchasing an additional 300,543 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Marriott International by 36,856.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company's stock valued at $58,346,000 after purchasing an additional 240,674 shares in the last quarter. Capital International Investors lifted its holdings in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company's stock worth $831,836,000 after buying an additional 149,378 shares in the last quarter. Finally, AXA S.A. boosted its position in Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company's stock valued at $53,442,000 after buying an additional 126,323 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MAR. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Morgan Stanley cut their target price on shares of Marriott International from $268.00 to $250.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Evercore ISI lifted their price target on Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. The Goldman Sachs Group started coverage on Marriott International in a report on Wednesday, September 18th. They set a "buy" rating and a $267.00 target price on the stock. Finally, Truist Financial lowered their price target on Marriott International from $263.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, August 6th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $259.00.

Marriott International Price Performance

Shares of MAR traded down $3.24 during mid-day trading on Friday, hitting $278.78. The company's stock had a trading volume of 1,751,074 shares, compared to its average volume of 1,379,158. The firm has a 50-day moving average price of $256.59 and a 200 day moving average price of $241.77. Marriott International, Inc. has a fifty-two week low of $200.94 and a fifty-two week high of $289.04. The stock has a market capitalization of $77.47 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 5.48 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

Insider Activity

In related news, CEO Anthony Capuano sold 8,332 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company's stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now directly owns 12,286 shares of the company's stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,108 shares of company stock worth $3,434,439 in the last 90 days. Company insiders own 12.32% of the company's stock.

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.