Forsta AP Fonden decreased its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 46,300 shares of the company’s stock after selling 1,800 shares during the period. Forsta AP Fonden’s holdings in Marriott International were worth $14,364,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Pension Service lifted its position in Marriott International by 1.6% during the 3rd quarter. National Pension Service now owns 603,431 shares of the company’s stock worth $157,158,000 after acquiring an additional 9,530 shares during the period. Legal & General Group Plc lifted its position in Marriott International by 9.3% during the 3rd quarter. Legal & General Group Plc now owns 1,465,420 shares of the company’s stock worth $381,654,000 after acquiring an additional 124,759 shares during the period. AustralianSuper Pty Ltd acquired a new stake in Marriott International during the 3rd quarter worth about $858,000. Lansforsakringar Fondforvaltning AB publ lifted its position in Marriott International by 5.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 73,759 shares of the company’s stock worth $19,210,000 after acquiring an additional 4,067 shares during the period. Finally, Natixis Advisors LLC lifted its position in Marriott International by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 386,638 shares of the company’s stock worth $100,696,000 after acquiring an additional 41,547 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.
Marriott International Stock Down 2.6%
Shares of MAR stock opened at $375.60 on Friday. Marriott International, Inc. has a 52-week low of $253.55 and a 52-week high of $388.37. The business has a 50-day simple moving average of $353.03 and a 200-day simple moving average of $330.03. The stock has a market cap of $99.04 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 2.98 and a beta of 1.11.
Marriott International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio (DPR) is presently 30.64%.
Insider Buying and Selling at Marriott International
In related news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the completion of the transaction, the executive vice president owned 19,827 shares in the company, valued at $7,168,650.12. The trade was a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.43% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MAR. Wells Fargo & Company lifted their price target on Marriott International to $446.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Mizuho boosted their price objective on Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Susquehanna boosted their price objective on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group boosted their price objective on Marriott International from $355.00 to $398.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $382.07.
Check Out Our Latest Report on MAR
Marriott International Company Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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