Toronto Dominion Bank Increases Stake in Marriott International, Inc. (NASDAQ:MAR)

Toronto Dominion Bank grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,887 shares of the company's stock after buying an additional 6,404 shares during the period. Toronto Dominion Bank's holdings in Marriott International were worth $37,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Formidable Asset Management LLC bought a new position in shares of Marriott International in the fourth quarter worth about $219,000. GF Fund Management CO. LTD. bought a new position in Marriott International in the 4th quarter worth approximately $14,691,000. GTS Securities LLC grew its holdings in Marriott International by 4,080.3% during the 4th quarter. GTS Securities LLC now owns 2,627 shares of the company's stock valued at $733,000 after buying an additional 2,693 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Marriott International by 60.3% during the fourth quarter. Vise Technologies Inc. now owns 1,617 shares of the company's stock valued at $451,000 after buying an additional 608 shares during the last quarter. Finally, Cornerstone Advisory LLC boosted its position in shares of Marriott International by 4.2% during the fourth quarter. Cornerstone Advisory LLC now owns 2,995 shares of the company's stock worth $849,000 after acquiring an additional 122 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and increased their price objective for the company from $226.00 to $303.00 in a report on Monday, May 12th. Mizuho lowered their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Truist Financial reduced their price target on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday. 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. Finally, Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a report on Tuesday, February 4th. Thirteen investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $275.15.

Marriott International Trading Up 0.1%

Shares of Marriott International stock traded up $0.22 on Friday, hitting $263.83. 1,221,255 shares of the company traded hands, compared to its average volume of 1,607,420. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company has a market cap of $72.26 billion, a PE ratio of 31.71, a PEG ratio of 3.42 and a beta of 1.39. The stock's 50 day moving average price is $242.88 and its 200-day moving average price is $266.39.

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

Marriott International Increases Dividend

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

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 20,724 shares in the company, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.68% of the stock is currently owned by insiders.

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.