TD Waterhouse Canada Inc. Acquires 2,386 Shares of Marriott International, Inc. (NASDAQ:MAR)

TD Waterhouse Canada Inc. grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 87,093 shares of the company’s stock after acquiring an additional 2,386 shares during the period. TD Waterhouse Canada Inc.’s holdings in Marriott International were worth $24,292,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MAR. Norges Bank acquired a new position in Marriott International during the 4th quarter worth $580,922,000. Wellington Management Group LLP boosted its holdings in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Marriott International in the fourth quarter worth about $165,162,000. Invesco Ltd. raised its holdings in Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Finally, 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 purchasing an additional 359,795 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

NASDAQ:MAR opened at $220.41 on Monday. The company has a market cap of $60.82 billion, a PE ratio of 26.49, a PEG ratio of 3.42 and a beta of 1.42. The stock has a 50-day simple moving average of $250.07 and a 200 day simple moving average of $268.51. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (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, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Insider Buying and Selling

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 10.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MAR. Argus boosted 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 Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. UBS Group upped their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group restated a “neutral” rating and set a $245.00 target price (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Finally, Wells Fargo & Company cut 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. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $277.00.

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.