Deutsche Bank AG reduced its position in Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024,270 shares of the company’s stock after selling 163,005 shares during the period. Deutsche Bank AG owned approximately 0.32% of Marriott International worth $152,504,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Marriott International by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 23,035,518 shares of the company’s stock valued at $3,228,198,000 after buying an additional 548,630 shares during the period. BlackRock Inc. raised its holdings in shares of Marriott International by 1.7% during the 3rd quarter. BlackRock Inc. now owns 16,499,816 shares of the company’s stock valued at $2,312,285,000 after buying an additional 281,614 shares during the period. State Street Corp raised its holdings in shares of Marriott International by 0.5% during the 3rd quarter. State Street Corp now owns 10,763,120 shares of the company’s stock valued at $1,508,344,000 after buying an additional 51,077 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Marriott International by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,591,393 shares of the company’s stock valued at $1,063,858,000 after buying an additional 371,366 shares during the period. Finally, Jennison Associates LLC increased its holdings in Marriott International by 3.0% during the 3rd quarter. Jennison Associates LLC now owns 5,301,911 shares of the company’s stock worth $743,010,000 after purchasing an additional 153,512 shares during the last quarter. 58.97% of the stock is owned by institutional investors and hedge funds.
Marriott International Stock Performance
MAR stock traded up $0.86 during trading on Wednesday, reaching $179.47. 1,172,076 shares of the company’s stock were exchanged, compared to its average volume of 1,813,992. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 16.51. Marriott International, Inc. has a 1-year low of $131.01 and a 1-year high of $183.51. The company’s fifty day moving average price is $166.77 and its 200-day moving average price is $162.62. The firm has a market cap of $55.30 billion, a PE ratio of 24.75, a P/E/G ratio of 0.71 and a beta of 1.57.
Should You Make Room For Marriott In Your Portfolio?
Marriott International (NASDAQ:MAR – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Marriott International had a return on equity of 168.43% and a net margin of 11.35%. The company had revenue of $5.62 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. On average, research analysts expect that Marriott International, Inc. will post 7.77 EPS for the current fiscal year.
Marriott International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, February 24th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, February 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.30. Marriott International’s payout ratio is currently 22.04%.
Insider Transactions at Marriott International
In other news, EVP Rena Hozore Reiss sold 7,821 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $172.02, for a total transaction of $1,345,368.42. Following the sale, the executive vice president now directly owns 16,284 shares of the company’s stock, valued at $2,801,173.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Benjamin T. Breland sold 625 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $163.06, for a total transaction of $101,912.50. Following the transaction, the executive vice president now directly owns 9,079 shares of the company’s stock, valued at $1,480,421.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 7,821 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $172.02, for a total value of $1,345,368.42. Following the transaction, the executive vice president now directly owns 16,284 shares in the company, valued at $2,801,173.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,711 shares of company stock valued at $3,962,349. Corporate insiders own 12.32% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MAR shares. TD Cowen lifted their price objective on Marriott International from $170.00 to $172.00 and gave the stock an “outperform” rating in a report on Tuesday, March 28th. Barclays lifted their price objective on Marriott International from $176.00 to $188.00 in a report on Wednesday. Morgan Stanley lifted their price objective on Marriott International from $195.00 to $197.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Truist Financial boosted their price target on Marriott International from $185.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, February 16th. Finally, Jefferies Financial Group downgraded Marriott International from a “buy” rating to a “hold” rating and set a $166.00 price target for the company. in a report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average target price of $184.00.
Marriott International Company Profile
Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.