Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Marriott International, Inc. (NASDAQ:MAR)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,884 shares of the company's stock after purchasing an additional 1,699 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Marriott International were worth $13,357,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc raised its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after buying an additional 55 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $46,000. Kendall Capital Management raised its position in shares of Marriott International by 6.8% during the fourth quarter. Kendall Capital Management now owns 4,638 shares of the company's stock valued at $1,294,000 after buying an additional 295 shares during the last quarter. NS Partners Ltd raised its position in shares of Marriott International by 4.5% during the fourth quarter. NS Partners Ltd now owns 157,783 shares of the company's stock valued at $44,012,000 after buying an additional 6,751 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Marriott International by 35,705.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company's stock valued at $71,681,000 after buying an additional 241,011 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business'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 completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 12,642 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider now owns 30,919 shares of the company's stock, valued at $8,831,393.97. This represents a 29.02 % 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 three months. 12.32% of the stock is owned by company insiders.

Marriott International Trading Down 1.0 %

Shares of MAR opened at $243.81 on Thursday. The firm has a market capitalization of $67.22 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a fifty day moving average price of $279.75 and a 200-day moving average price of $269.47.

Remove Ads

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

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Wells Fargo & Company reduced their price target on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Barclays reduced their price target on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Truist Financial boosted their price target on shares of Marriott International from $277.00 to $308.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Finally, Mizuho boosted their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $286.45.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.