10,946 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,946 shares of the company’s stock, valued at approximately $2,721,000.

Several other large investors also recently modified their holdings of the stock. Jensen Investment Management Inc. acquired a new position in Marriott International during the third quarter valued at approximately $793,000. BayBridge Capital Group LLC acquired a new position in shares of Marriott International during the 3rd quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after buying an additional 2,723 shares during the last quarter. Kinsale Capital Group Inc. acquired a new stake in Marriott International in the third quarter valued at about $3,769,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Marriott International during the second quarter worth about $3,844,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last 90 days. 12.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday. Evercore ISI boosted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. TD Cowen dropped their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $266.25.

Marriott International Stock Down 1.0 %

MAR stock opened at $287.08 on Friday. The company’s fifty day simple moving average is $274.76 and its 200 day simple moving average is $248.69. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45. The firm has a market cap of $79.78 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 5.56 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.11 EPS. Research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is currently 26.36%.

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.