Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 19.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 790,162 shares of the company’s stock after acquiring an additional 125,993 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Marriott International were worth $220,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Townsquare Capital LLC increased its holdings in Marriott International by 22.3% in the third quarter. Townsquare Capital LLC now owns 7,393 shares of the company’s stock valued at $1,838,000 after buying an additional 1,349 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Marriott International by 7.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,772 shares of the company’s stock valued at $441,000 after buying an additional 123 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Marriott International by 1.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,185 shares of the company’s stock worth $11,482,000 after purchasing an additional 435 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Marriott International by 5.9% in the third quarter. Public Sector Pension Investment Board now owns 8,944 shares of the company’s stock valued at $2,223,000 after buying an additional 500 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Marriott International by 18.8% during the 3rd quarter. Edgestream Partners L.P. now owns 6,141 shares of the company’s stock worth $1,527,000 after purchasing an additional 970 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $237.01 on Monday. The firm’s 50 day simple moving average is $272.32 and its 200 day simple moving average is $270.93. The company has a market capitalization of $65.34 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

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

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. Marriott International’s dividend payout ratio is presently 30.29%.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % 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, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction on Friday, February 21st. The stock was 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 $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 over the last 90 days. Company insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. The Goldman Sachs Group lifted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Argus boosted their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Truist Financial reduced their price objective on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, 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 research report on Thursday, January 2nd. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $286.05.

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.