Swiss National Bank Reduces Holdings in Marriott International, Inc. (NASDAQ:MAR)

Swiss National Bank trimmed its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 676,038 shares of the company's stock after selling 44,500 shares during the period. Swiss National Bank owned 0.24% of Marriott International worth $188,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MAR. Raymond James Financial Inc. purchased a new position in Marriott International during the 4th quarter valued at about $165,162,000. PointState Capital LP purchased a new position in Marriott International during the 3rd quarter valued at about $98,249,000. Proficio Capital Partners LLC lifted its position in Marriott International by 36,564.5% during the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock valued at $100,636,000 after acquiring an additional 359,795 shares during the period. Assenagon Asset Management S.A. lifted its position in Marriott International by 341.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company's stock valued at $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Marriott International by 35,705.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company's stock valued at $71,681,000 after acquiring an additional 241,011 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $237.29 on Friday. The firm has a market cap of $65.42 billion, a PE ratio of 28.52, a PEG ratio of 3.42 and a beta of 1.58. The firm has a fifty day moving average of $279.01 and a 200 day moving average of $269.24. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 12,642 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction 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 trade represents a 50.38 % decrease in their ownership of the stock. 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 in the last 90 days. 12.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Argus lifted their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. UBS Group lifted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Thirteen research 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, Marriott International presently has an average rating of "Hold" and an average price target of $286.45.

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.

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