Toronto Dominion Bank Has $37.07 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Toronto Dominion Bank raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,887 shares of the company's stock after acquiring an additional 6,404 shares during the quarter. Toronto Dominion Bank's holdings in Marriott International were worth $37,067,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International in the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. acquired a new position in shares of Marriott International in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc grew its stake in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter worth approximately $33,000. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Mizuho decreased their target price on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Morgan Stanley decreased their target price on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial decreased their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a report on Friday, March 21st. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and an average target price of $276.50.

Marriott International Trading Down 2.5%

NASDAQ MAR traded down $6.65 during trading on Wednesday, reaching $260.69. The company's stock had a trading volume of 1,271,778 shares, compared to its average volume of 1,608,163. The stock has a market capitalization of $71.40 billion, a PE ratio of 31.33, a PEG ratio of 3.42 and a beta of 1.39. The business has a 50-day moving average price of $240.70 and a 200-day moving average price of $266.84. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its 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 analysts' expectations of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 earnings per share. As a group, analysts expect 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 given a $0.67 dividend. This is a positive change from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.03%. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Insider Buying and Selling

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company's stock, valued at $1,262,811.48. The trade was a 18.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction on 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 now directly owns 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,694 shares of company stock valued at $9,208,342. 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.