Natixis Advisors LLC Buys 13,974 Shares of Marriott International, Inc. (NASDAQ:MAR)

Natixis Advisors LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 295,473 shares of the company's stock after acquiring an additional 13,974 shares during the quarter. Natixis Advisors LLC owned about 0.11% of Marriott International worth $82,419,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in Marriott International by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after purchasing an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Marriott International by 4.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company's stock valued at $254,613,000 after buying an additional 46,563 shares during the period. Janus Henderson Group PLC grew its holdings in Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock worth $152,399,000 after acquiring an additional 47,551 shares during the period. Raymond James Financial Inc. bought a new stake in Marriott International in the fourth quarter worth about $165,162,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Marriott International by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company's stock valued at $110,156,000 after purchasing an additional 12,702 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last 90 days. 12.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Susquehanna increased their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Jefferies Financial Group increased their price objective on Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Truist Financial increased their price target on Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $286.45.

Marriott International Stock Down 1.1 %

Shares of MAR traded down $2.78 during midday trading on Thursday, reaching $244.84. 922,585 shares of the stock were exchanged, compared to its average volume of 1,415,920. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 3.42 and a beta of 1.58. The firm has a 50 day simple moving average of $276.77 and a 200-day simple moving average of $269.96. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted 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%. Research analysts expect 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 will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is 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.