Brown Brothers Harriman & Co. Has $1.33 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Brown Brothers Harriman & Co. lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,763 shares of the company’s stock after buying an additional 307 shares during the period. Brown Brothers Harriman & Co.’s holdings in Marriott International were worth $1,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NewEdge Wealth LLC raised its position in shares of Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after buying an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Marriott International during the third quarter valued at approximately $2,721,000. Union Bancaire Privee UBP SA bought a new stake in Marriott International during the fourth quarter worth $2,990,000. Markel Group Inc. boosted its holdings in shares of Marriott International by 30.6% in the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock valued at $13,110,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Covea Finance raised its holdings in shares of Marriott International by 69.9% during the 4th quarter. Covea Finance now owns 60,540 shares of the company’s stock worth $16,887,000 after buying an additional 24,900 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Argus increased their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Truist Financial decreased their target price on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company dropped their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Evercore ISI raised 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. Thirteen 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, Marriott International presently has a consensus rating of “Hold” and an average price target of $286.05.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $237.01 on Monday. The business’s 50-day moving average is $272.32 and its 200-day moving average is $270.93. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The company has a market capitalization of $65.34 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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%. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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

Insider Activity at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction 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 $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International 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 transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last three months. Corporate 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.