Family Office Research LLC Buys New Holdings in Marriott International, Inc. (NASDAQ:MAR)

Family Office Research LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 216,277 shares of the company’s stock, valued at approximately $60,328,000. Marriott International accounts for approximately 26.5% of Family Office Research LLC’s investment portfolio, making the stock its biggest position. Family Office Research LLC owned 0.08% of Marriott International as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. FMR LLC grew its stake in shares of Marriott International by 0.8% in the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock valued at $1,945,299,000 after buying an additional 56,978 shares during the period. Geode Capital Management LLC lifted its position in shares of Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after buying an additional 60,458 shares during the last quarter. Wellington Management Group LLP boosted its stake in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after acquiring an additional 512,963 shares during the period. Finally, Norges Bank purchased a new position in shares of Marriott International during the fourth quarter worth about $580,922,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Performance

Shares of Marriott International stock opened at $222.92 on Friday. The stock has a market cap of $61.52 billion, a PE ratio of 26.79, a PEG ratio of 3.42 and a beta of 1.42. The firm has a 50-day moving average of $259.10 and a 200-day moving average of $269.50. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

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

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Susquehanna increased their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Barclays reduced their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Morgan Stanley increased their price target on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $282.60.

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.