Pictet Asset Management Holding SA Has $225.96 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Pictet Asset Management Holding SA decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 810,050 shares of the company's stock after selling 38,885 shares during the period. Pictet Asset Management Holding SA owned 0.29% of Marriott International worth $225,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAR. Boussard & Gavaudan Investment Management LLP acquired a new stake in Marriott International in the 4th quarter valued at approximately $1,518,000. Norges Bank acquired a new stake in shares of Marriott International in the fourth quarter worth $580,922,000. Blair William & Co. IL increased its position in Marriott International by 0.6% during the fourth quarter. Blair William & Co. IL now owns 35,319 shares of the company's stock worth $9,852,000 after acquiring an additional 198 shares during the period. Loomis Sayles & Co. L P acquired a new position in Marriott International during the 4th quarter valued at $83,000. Finally, NEOS Investment Management LLC grew its position in Marriott International by 20.6% in the 4th quarter. NEOS Investment Management LLC now owns 31,781 shares of the company's stock worth $8,865,000 after purchasing an additional 5,423 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on MAR. Susquehanna upped their price target on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Mizuho lifted their target price on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Barclays cut their price target on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Finally, Truist Financial lowered their price objective on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. 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 currently has a consensus rating of "Hold" and an average target price of $286.05.

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Insider Buying and Selling at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company's stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company's stock, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company's stock.

Marriott International Trading Up 0.6 %

NASDAQ MAR traded up $1.42 on Monday, hitting $238.43. 1,036,670 shares of the company were exchanged, compared to its average volume of 1,500,175. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The company has a market cap of $65.74 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.42 and a beta of 1.58. The firm has a 50 day moving average of $272.32 and a two-hundred day moving average of $270.93.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate 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 anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. 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.