11,480 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,480 shares of the company’s stock, valued at approximately $2,990,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International in the third quarter valued at about $793,000. BayBridge Capital Group LLC acquired a new stake in Marriott International during the 3rd quarter valued at approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after purchasing an additional 2,723 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Marriott International in the 3rd quarter valued at $2,721,000. Finally, Kinsale Capital Group Inc. bought a new position in Marriott International during the third quarter worth $3,769,000. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. BMO Capital Markets raised their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Mizuho boosted their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $272.15.

Marriott International Stock Performance

Shares of MAR opened at $284.11 on Monday. The business has a 50-day moving average of $282.24 and a 200 day moving average of $257.46. The firm has a market cap of $78.95 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the business posted $2.11 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity at Marriott International

In related news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % 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, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last ninety days. 12.32% of the stock is owned by company insiders.

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.