Deutsche Bank AG Has $344.89 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Key Points

• Deutsche Bank AG increased its stake in Marriott International by 19.1%, owning approximately $344.89 million worth of shares as of its latest SEC filing.
• Institutional investors now hold 70.70% of Marriott's stock, reflecting significant interest in the company from various fund managers.
• Marriott International announced a $2.68 annualized dividend and a stock buyback plan allowing for the repurchase of up to 25 million shares, indicating potential confidence in its market value.

Deutsche Bank AG increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 19.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,447,911 shares of the company's stock after acquiring an additional 232,036 shares during the quarter. Deutsche Bank AG owned about 0.52% of Marriott International worth $344,892,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MAR. Bernard Wealth Management Corp. bought a new position in shares of Marriott International during the fourth quarter worth $25,000. Morse Asset Management Inc bought a new position in Marriott International during the first quarter worth about $30,000. Kapitalo Investimentos Ltda acquired a new position in Marriott International in the fourth quarter valued at about $34,000. Sound Income Strategies LLC increased its holdings in shares of Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after acquiring an additional 50 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Marriott International during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity

In related news, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president owned 20,724 shares of the company's stock, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer owned 124,067 shares of the company's stock, valued at $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock valued at $4,107,710 over the last ninety days. 10.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research reports. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Morgan Stanley lowered their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Marriott International from $265.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Stifel Nicolaus lowered their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Finally, UBS Group cut their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Twelve research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $280.89.

Marriott International Trading Down 0.8%

NASDAQ MAR opened at $260.59 on Friday. The firm's fifty day moving average price is $268.85 and its two-hundred day moving average price is $261.73. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The firm has a market capitalization of $70.74 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.51 and a beta of 1.44.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting analysts' consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%. Marriott International's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.50 earnings per share. On average, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International declared that its board has approved a stock buyback plan on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.0%. Marriott International's payout ratio is presently 30.21%.

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.

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