Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Fmr LLC

Fmr LLC raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 6,973,897 shares of the company’s stock after buying an additional 56,978 shares during the quarter. Fmr LLC’s holdings in Marriott International were worth $1,945,299,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after buying an additional 60,458 shares in the last quarter. Wellington Management Group LLP boosted 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 acquiring an additional 1,570,144 shares in the last quarter. Norges Bank acquired a new stake in shares of Marriott International during the 4th quarter valued at about $580,922,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 valued at $412,167,000 after purchasing an additional 32,288 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Marriott International by 19.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 790,162 shares of the company’s stock worth $220,408,000 after purchasing an additional 125,993 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Down 4.5 %

Marriott International stock opened at $214.58 on Monday. The stock has a market cap of $59.22 billion, a P/E ratio of 25.79, a PEG ratio of 3.42 and a beta of 1.42. The company has a 50-day moving average price of $267.40 and a 200 day moving average price of $270.85. Marriott International, Inc. has a 12-month low of $203.20 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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%. As a group, analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. Barclays reduced their target price on 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. Jefferies Financial Group upped their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Argus lifted their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group upped their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $286.05.

Insider Activity at Marriott International

In other news, 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 completion of the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated Monday, February 24th. The shares were 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 directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

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.