Amundi Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Amundi cut its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 51.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 537,180 shares of the company's stock after selling 570,895 shares during the period. Amundi owned 0.19% of Marriott International worth $146,935,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Wealth LLC lifted its stake in Marriott International by 34.4% in the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock valued at $1,212,000 after buying an additional 1,112 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock valued at $140,844,000 after buying an additional 2,723 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Marriott International during the third quarter worth approximately $2,721,000. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International during the fourth quarter worth approximately $2,990,000. Finally, Kinsale Capital Group Inc. acquired a new position in shares of Marriott International during the third quarter worth approximately $3,769,000. 70.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last quarter. 12.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Mizuho upped their target price on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. 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 research report on Tuesday, March 4th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $286.45.

Marriott International Trading Up 2.5 %

Shares of MAR stock traded up $5.82 on Friday, hitting $243.11. 1,414,003 shares of the stock were exchanged, compared to its average volume of 1,429,676. The firm has a market capitalization of $67.02 billion, a PE ratio of 29.22, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm's 50 day moving average is $279.01 and its two-hundred day moving average is $269.24.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results 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%. On average, sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.04%. Marriott International's dividend payout ratio is currently 30.29%.

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.