Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. boosted its holdings in Marriott International, Inc. (NASDAQ:MARFree Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,731 shares of the company’s stock after purchasing an additional 45 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Marriott International were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MAR. Parnassus Investments LLC acquired a new stake in Marriott International during the third quarter worth about $481,621,000. Norges Bank acquired a new stake in Marriott International during the fourth quarter worth about $326,980,000. Arrowstreet Capital Limited Partnership increased its stake in Marriott International by 1,066.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after acquiring an additional 1,972,684 shares during the last quarter. Morgan Stanley boosted its position in shares of Marriott International by 52.7% in the fourth 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. Finally, FMR LLC boosted its position in shares of Marriott International by 16.1% in the third 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. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now directly owns 36,778 shares in the company, valued at approximately $8,841,063.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by company insiders.

Marriott International Price Performance

MAR opened at $252.31 on Monday. Marriott International, Inc. has a 12 month low of $160.15 and a 12 month high of $256.53. The stock has a market cap of $72.91 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.83 and a beta of 1.62. The stock’s 50 day moving average price is $246.57 and its 200 day moving average price is $220.23.

Marriott International (NASDAQ:MARGet Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the firm earned $1.96 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Marriott International, Inc. will post 9.47 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

Wall Street Analyst Weigh In

MAR has been the subject of several analyst reports. Mizuho initiated coverage on Marriott International in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $263.00 target price for the company. Barclays increased their price target on Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Robert W. Baird reduced their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Jefferies Financial Group increased their price target on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Finally, Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $236.81.

Read Our Latest Analysis on Marriott International

Marriott International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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