11,480 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,480 shares of the company’s stock, valued at approximately $2,990,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board raised its holdings in Marriott International by 63.7% in the second quarter. Public Sector Pension Investment Board now owns 8,444 shares of the company’s stock worth $2,042,000 after buying an additional 3,287 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Marriott International by 59.9% in the second quarter. AQR Capital Management LLC now owns 123,973 shares of the company’s stock worth $29,973,000 after acquiring an additional 46,420 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Marriott International during the second quarter valued at approximately $3,844,000. Waterfall Asset Management LLC bought a new stake in Marriott International in the 2nd quarter worth approximately $2,853,000. Finally, Creative Planning raised its stake in Marriott International by 19.0% during the 2nd quarter. Creative Planning now owns 93,482 shares of the company’s stock valued at $22,601,000 after buying an additional 14,897 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 0.3 %

MAR opened at $284.11 on Monday. The business’s fifty day simple moving average is $282.24 and its 200-day simple moving average is $257.46. The company has a market capitalization of $78.95 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 4.64 and a beta of 1.57. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the business posted $2.11 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock valued at $3,919,739 over the last quarter. 12.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Macquarie reiterated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Jefferies Financial Group boosted their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Barclays lifted their price target on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Robert W. Baird lifted their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $272.15.

About Marriott International

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.