Mn Services Vermogensbeheer B.V. Raises Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,100 shares of the company’s stock after buying an additional 1,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Marriott International were worth $27,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. Jensen Investment Management Inc. purchased a new position in Marriott International during the third quarter valued at $793,000. Sumitomo Mitsui Trust Group Inc. raised 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 last quarter. Oddo BHF Asset Management Sas bought a new position in Marriott International in the 3rd quarter worth about $2,721,000. Union Bancaire Privee UBP SA purchased a new stake in Marriott International during the 4th quarter valued at about $2,990,000. Finally, Kinsale Capital Group Inc. purchased a new position in Marriott International in the third quarter worth about $3,769,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 10.07% of the company’s stock.

Marriott International Stock Performance

Shares of Marriott International stock opened at $277.21 on Friday. The stock’s fifty day moving average is $283.27 and its 200 day moving average is $266.49. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a market cap of $76.43 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group lifted their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Stifel Nicolaus upped their price target on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Barclays decreased their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $284.05.

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, City Express by Marriott, and St.