Marriott International, Inc. (NASDAQ:MAR) Shares Bought by World Investment Advisors

World Investment Advisors increased its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 101.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,392 shares of the company's stock after purchasing an additional 3,213 shares during the period. World Investment Advisors' holdings in Marriott International were worth $1,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock valued at $1,398,321,000 after purchasing an additional 60,458 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. Norges Bank purchased a new stake in Marriott International during the fourth quarter valued at about $580,922,000. Charles Schwab Investment Management Inc. increased its stake in Marriott International by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after acquiring an additional 32,288 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Marriott International by 19.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 790,162 shares of the company's stock worth $220,408,000 after acquiring an additional 125,993 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

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Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares of the company's stock, valued at $7,089,714.45. This trade represents a 12.40 % 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 worth $8,938,132 in the last ninety days. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

MAR stock traded down $13.25 during midday trading on Thursday, reaching $220.14. The stock had a trading volume of 841,902 shares, compared to its average volume of 1,554,879. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The stock has a market cap of $60.75 billion, a PE ratio of 26.47, a P/E/G ratio of 3.42 and a beta of 1.42. The firm has a fifty day simple moving average of $260.45 and a two-hundred day simple moving average of $269.67.

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

Marriott International Dividend Announcement

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

Analysts Set New Price Targets

MAR has been the topic of several recent research reports. UBS Group upped their price target on Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Argus upped their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Mizuho increased their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Morgan Stanley increased their price objective on Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Barclays reduced their target price on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $282.60.

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.