BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $12.78 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,823 shares of the company's stock after buying an additional 5,310 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Marriott International were worth $12,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Straightline Group LLC bought a new stake in Marriott International in the fourth quarter valued at $495,000. NewEdge Wealth LLC grew its holdings in shares of Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after purchasing an additional 1,112 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International during the 4th quarter worth about $2,990,000. Markel Group Inc. boosted its position in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after buying an additional 11,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Marriott International by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after buying an additional 32,288 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Activity at Marriott International

In related news, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the transaction, the executive vice president now owns 20,724 shares in the company, valued at approximately $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.68% of the company's stock.

Analyst Ratings Changes

MAR has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Stifel Nicolaus lowered their price objective on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. UBS Group reduced their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Melius Research raised shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $276.50.

Marriott International Price Performance

Shares of NASDAQ MAR traded down $0.09 during midday trading on Wednesday, reaching $266.02. 447,210 shares of the stock were exchanged, compared to its average volume of 1,603,852. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The business has a 50-day simple moving average of $241.92 and a two-hundred day simple moving average of $266.55. The company has a market capitalization of $72.86 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 3.42 and a beta of 1.39.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be paid a $0.67 dividend. This is a positive change from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International's payout ratio is presently 30.52%.

Marriott International 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.