National Bank of Canada FI Has $53.39 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

National Bank of Canada FI boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 72.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,675 shares of the company’s stock after buying an additional 100,883 shares during the period. National Bank of Canada FI owned approximately 0.08% of Marriott International worth $53,388,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its position in Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after buying an additional 1,194,665 shares during the period. Morgan Stanley boosted its position in Marriott International by 1.4% during the third quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after purchasing an additional 63,411 shares during the period. Jennison Associates LLC boosted its position in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after purchasing an additional 1,173,028 shares during the period. Invesco Ltd. boosted its position in Marriott International by 1.8% during the third quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after purchasing an additional 48,872 shares during the period. Finally, Northern Trust Corp boosted its position in Marriott International by 0.5% during the third quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after purchasing an additional 12,901 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the transaction, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 in the last quarter. 12.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MAR. Argus raised their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Mizuho raised their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group raised their target price on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. BMO Capital Markets raised their target price on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Barclays lifted their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $241.33.

Marriott International Price Performance

NASDAQ:MAR traded up $1.75 during trading hours on Monday, hitting $236.34. The company had a trading volume of 435,425 shares, compared to its average volume of 1,444,850. The company has a market capitalization of $67.50 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 4.44 and a beta of 1.61. The stock has a 50-day moving average price of $247.40 and a 200 day moving average price of $228.85. Marriott International, Inc. has a 52 week low of $165.13 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter last year, the firm posted $2.09 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts anticipate that Marriott International, Inc. will post 9.5 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 21.47%.

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