Natixis Advisors L.P. Buys 12,904 Shares of Marriott International, Inc. (NASDAQ:MAR)

Natixis Advisors L.P. grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 244,115 shares of the company’s stock after acquiring an additional 12,904 shares during the quarter. Natixis Advisors L.P.’s holdings in Marriott International were worth $55,050,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Heritage Wealth Management LLC bought a new stake in shares of Marriott International during the 4th quarter valued at $437,000. Rogco LP lifted its position in shares of Marriott International by 130.9% during the 4th quarter. Rogco LP now owns 2,154 shares of the company’s stock worth $486,000 after buying an additional 1,221 shares during the last quarter. Seaview Investment Managers LLC bought a new stake in shares of Marriott International during the 4th quarter worth $223,000. First Trust Direct Indexing L.P. lifted its position in shares of Marriott International by 13.5% during the 4th quarter. First Trust Direct Indexing L.P. now owns 4,038 shares of the company’s stock worth $911,000 after buying an additional 481 shares during the last quarter. Finally, Summit Financial LLC lifted its position in shares of Marriott International by 2.4% during the 4th quarter. Summit Financial LLC now owns 9,981 shares of the company’s stock worth $2,251,000 after buying an additional 231 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAR has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday. Robert W. Baird upped their target price on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays upped their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Truist Financial upped their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company lowered their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $241.33.

Insider Activity

In related news, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares in the company, valued at $6,166,742.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the transaction, the insider now owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 over the last 90 days. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Trading Down 0.4 %

NASDAQ MAR traded down $0.97 during trading hours on Friday, hitting $234.59. 1,572,856 shares of the company’s stock were exchanged, compared to its average volume of 1,539,790. The stock has a 50-day simple moving average of $247.74 and a 200 day simple moving average of $228.13. Marriott International, Inc. has a 1-year low of $165.13 and a 1-year high of $260.57. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 5.24 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. On average, sell-side analysts anticipate that Marriott International, Inc. will post 9.49 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is presently 21.47%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.