Everence Capital Management Inc. Has $1.47 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Everence Capital Management Inc. increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 11.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,510 shares of the company’s stock after purchasing an additional 680 shares during the quarter. Everence Capital Management Inc.’s holdings in Marriott International were worth $1,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. FMR LLC increased its position in Marriott International by 16.1% in the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after buying an additional 1,194,665 shares during the period. Geode Capital Management LLC increased its position in Marriott International by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 4,969,166 shares of the company’s stock worth $822,982,000 after buying an additional 74,821 shares during the period. Morgan Stanley increased its position in Marriott International by 52.7% in the 4th quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock worth $716,346,000 after buying an additional 1,659,637 shares during the period. Invesco Ltd. increased its position in Marriott International by 1.8% in the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after buying an additional 48,872 shares during the period. Finally, Northern Trust Corp increased its position in Marriott International by 0.5% in the 3rd quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after buying an additional 12,901 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on MAR shares. Wells Fargo & Company boosted their price objective on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. UBS Group increased their price objective on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Jefferies Financial Group increased their price objective on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Argus increased their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Mizuho assumed coverage on Marriott International in a research note on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $236.81.

Marriott International Price Performance

NASDAQ MAR opened at $245.40 on Wednesday. The firm has a market cap of $70.91 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.81 and a beta of 1.62. The stock’s 50-day moving average is $248.99 and its 200-day moving average is $224.94. Marriott International, Inc. has a one year low of $162.77 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm earned $1.96 EPS. Marriott International’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid 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 yield of 0.85%. Marriott International’s dividend payout ratio is 20.41%.

Insider Buying and Selling at Marriott International

In other news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on 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 transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Deborah Marriott Harrison sold 37,300 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $241.46, for a total value of $9,006,458.00. Following the completion of the sale, the insider now directly owns 9,100 shares in the company, valued at approximately $2,197,286. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 over the last ninety days. 10.07% of the stock is currently owned by corporate insiders.

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.