Raiffeisen Bank International AG Buys New Position in Marriott International, Inc. (NASDAQ:MAR)

Raiffeisen Bank International AG acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,368 shares of the company's stock, valued at approximately $6,550,000.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Marriott International in the fourth quarter worth $580,922,000. Wellington Management Group LLP lifted its stake in Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Marriott International during the fourth quarter valued at about $165,162,000. Invesco Ltd. increased its holdings in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock valued at $100,636,000 after buying an additional 359,795 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Morgan Stanley decreased their price target on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. Finally, Susquehanna upped their price objective on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $276.50.

Marriott International Stock Down 2.2%

MAR traded down $5.80 on Wednesday, reaching $261.54. 451,207 shares of the company traded hands, compared to its average volume of 1,601,953. The company has a market cap of $71.63 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. The firm has a fifty day simple moving average of $240.35 and a two-hundred day simple moving average of $266.89. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Marriott International's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. On average, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 annualized dividend and a dividend yield of 1.02%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Insider Buying and Selling

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,694 shares of company stock valued at $9,208,342 over the last three months. 10.68% of the stock is owned by company 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, City Express by Marriott, and St.