Marriott International Inc (MAR) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in shares of Marriott International Inc (NASDAQ:MAR) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,176,144 shares of the company’s stock after buying an additional 254,200 shares during the period. Swiss National Bank’s holdings in Marriott International were worth $110,769,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Carnick & Kubik Group LLC boosted its stake in shares of Marriott International by 8.8% in the first quarter. Carnick & Kubik Group LLC now owns 20,086 shares of the company’s stock valued at $1,892,000 after buying an additional 1,631 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Marriott International by 17.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,445 shares of the company’s stock valued at $10,402,000 after buying an additional 16,208 shares during the last quarter. LS Investment Advisors LLC raised its position in Marriott International by 12.6% in the first quarter. LS Investment Advisors LLC now owns 8,373 shares of the company’s stock valued at $789,000 after buying an additional 938 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its position in Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock valued at $823,000 after buying an additional 45 shares during the last quarter. Finally, MUFG Americas Holdings Corp raised its position in Marriott International by 20.3% in the first quarter. MUFG Americas Holdings Corp now owns 18,339 shares of the company’s stock valued at $1,728,000 after buying an additional 3,095 shares during the last quarter. 64.62% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

Marriott International Inc (NASDAQ:MAR) traded up 0.45% on Friday, reaching $102.99. 1,218,169 shares of the company’s stock traded hands. The stock has a market capitalization of $39.02 billion, a PE ratio of 36.48 and a beta of 1.22. The firm’s 50-day moving average is $95.82 and its 200 day moving average is $86.56. Marriott International Inc has a 52-week low of $60.87 and a 52-week high of $104.52.

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Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The firm’s revenue for the quarter was up 47.4% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Analysts forecast that Marriott International Inc will post $4.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, May 19th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from Marriott International’s previous quarterly dividend of $0.30. Marriott International’s dividend payout ratio (DPR) is presently 42.25%.

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Several research firms recently weighed in on MAR. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday. Barclays PLC restated a “hold” rating and set a $105.00 target price on shares of Marriott International in a report on Friday, May 12th. JPMorgan Chase & Co. restated an “overweight” rating and set a $111.00 target price on shares of Marriott International in a report on Friday, May 12th. Instinet lifted their target price on shares of Marriott International from $100.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, Canaccord Genuity restated a “buy” rating and set a $113.00 target price (up previously from $100.00) on shares of Marriott International in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $95.32.

In other Marriott International news, Director Debra L. Lee sold 2,020 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $87.37, for a total value of $176,487.40. Following the completion of the sale, the director now owns 640 shares in the company, valued at approximately $55,916.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider J W. Marriott, Jr. sold 35,059 shares of the firm’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $93.42, for a total transaction of $3,275,211.78. Following the completion of the sale, the insider now owns 275,083 shares of the company’s stock, valued at approximately $25,698,253.86. The disclosure for this sale can be found here. Insiders sold a total of 194,423 shares of company stock valued at $17,916,593 in the last 90 days. Corporate insiders own 17.07% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

5 Day Chart for NASDAQ:MAR

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