Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,873 shares of the company's stock after acquiring an additional 5,447 shares during the period. Rockefeller Capital Management L.P.'s holdings in Marriott International were worth $10,834,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Invst LLC grew its position in Marriott International by 3.1% in the third quarter. Invst LLC now owns 8,258 shares of the company's stock valued at $2,053,000 after acquiring an additional 252 shares during the period. Diamant Asset Management Inc. bought a new stake in shares of Marriott International in the 3rd quarter worth about $373,000. Wilmington Savings Fund Society FSB bought a new position in Marriott International during the 3rd quarter valued at about $1,260,000. Optimist Retirement Group LLC boosted its position in Marriott International by 7.7% in the third quarter. Optimist Retirement Group LLC now owns 894 shares of the company's stock valued at $222,000 after buying an additional 64 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Marriott International by 86.8% during the third quarter. Tidal Investments LLC now owns 16,375 shares of the company's stock worth $4,071,000 after buying an additional 7,607 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MAR shares. Mizuho raised their target price on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Barclays dropped their price objective on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley increased their price objective on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Susquehanna increased their price target on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group dropped their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Marriott International has an average rating of "Hold" and an average target price of $277.00.

Marriott International Price Performance

Shares of NASDAQ:MAR traded up $1.62 during trading on Friday, hitting $220.41. 1,523,436 shares of the company's stock were exchanged, compared to its average volume of 1,563,661. The company has a market cap of $60.82 billion, a price-to-earnings ratio of 26.49, 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 business's 50-day simple moving average is $250.07 and its 200 day simple moving average is $268.24.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 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%. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the company's 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 sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares of the company's stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 over the last ninety days. 12.32% of the stock is owned by company insiders.

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.