Parametrica Management Ltd Takes $337,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Parametrica Management Ltd bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,207 shares of the company's stock, valued at approximately $337,000.

Several other hedge funds have also added to or reduced their stakes in MAR. NewEdge Wealth LLC raised its stake in Marriott International by 34.4% in the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock valued at $1,212,000 after purchasing an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Marriott International during the third quarter valued at approximately $2,721,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Marriott International in the 4th quarter worth about $2,990,000. Markel Group Inc. boosted its position in Marriott International by 30.6% during the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Covea Finance lifted its position in Marriott International by 69.9% during the fourth quarter. Covea Finance now owns 60,540 shares of the company's stock valued at $16,887,000 after buying an additional 24,900 shares during the period. Institutional investors own 70.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MAR shares. Susquehanna lifted their price objective on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price target on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Jefferies Financial Group upped their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. The Goldman Sachs Group boosted their price objective on Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Mizuho raised their price target on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $286.05.

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Insider Activity

In related news, insider William P. Brown sold 12,642 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 over the last 90 days. Insiders own 12.32% of the company's stock.

Marriott International Stock Performance

NASDAQ MAR traded down $7.44 during trading on Friday, reaching $237.01. 1,570,675 shares of the company's stock were exchanged, compared to its average volume of 1,501,473. The stock has a market cap of $65.34 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The company has a 50 day moving average price of $272.32 and a two-hundred day moving average price of $270.62.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. Marriott International's dividend payout ratio (DPR) is presently 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.