Union Bancaire Privee UBP SA Grows Stake in Marriott International, Inc. (NASDAQ:MAR)

Union Bancaire Privee UBP SA boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 36.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,716 shares of the company's stock after acquiring an additional 4,236 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Marriott International were worth $3,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in Marriott International in the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. bought a new stake in shares of Marriott International during the 4th quarter worth $25,000. Bell Investment Advisors Inc grew its stake in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after buying an additional 55 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in Marriott International in the 4th quarter worth $33,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Marriott International in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent analyst reports. BMO Capital Markets increased their target price on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company reduced their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and upped their target price for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Stifel Nicolaus decreased their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial cut their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $275.15.

Marriott International Price Performance

NASDAQ MAR traded down $2.83 during trading on Thursday, hitting $263.23. 1,152,075 shares of the company's stock traded hands, compared to its average volume of 1,600,474. The firm has a market cap of $72.10 billion, a P/E ratio of 31.64, a PEG ratio of 3.42 and a beta of 1.42. The stock has a fifty day moving average of $247.75 and a two-hundred day moving average of $265.25. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

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 the consensus estimate of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Marriott International's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $2.13 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 1.02%. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is 30.52%.

Insider Activity

In other news, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer now owns 124,067 shares in the company, valued at $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.68% of the company's stock.

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.