TD Asset Management Inc Has $24.84 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

TD Asset Management Inc decreased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,296 shares of the company's stock after selling 4,204 shares during the quarter. TD Asset Management Inc's holdings in Marriott International were worth $24,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. Brighton Jones LLC raised its position in Marriott International by 2.5% in the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock worth $2,479,000 after acquiring an additional 218 shares in the last quarter. American Century Companies Inc. raised its position in Marriott International by 0.3% in the fourth quarter. American Century Companies Inc. now owns 26,592 shares of the company's stock worth $7,418,000 after acquiring an additional 88 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Marriott International by 1.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 5,350 shares of the company's stock worth $1,492,000 after purchasing an additional 53 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Marriott International by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 580,110 shares of the company's stock valued at $161,816,000 after purchasing an additional 2,517 shares during the last quarter. Finally, Rodgers Brothers Inc. grew its holdings in Marriott International by 14.5% in the fourth quarter. Rodgers Brothers Inc. now owns 1,975 shares of the company's stock valued at $551,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho lowered their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird upped their price objective on Marriott International from $265.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. assumed coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective on the stock. Morgan Stanley reduced their price objective on Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their price objective 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. Thirteen 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $276.90.

Insider Buying and Selling

In related news, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the transaction, the insider directly owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 124,067 shares of the company's stock, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,500 shares of company stock valued at $4,107,710. 10.68% of the stock is owned by company insiders.

Marriott International Price Performance

Shares of NASDAQ:MAR traded down $3.43 during midday trading on Wednesday, reaching $270.04. The company's stock had a trading volume of 1,298,460 shares, compared to its average volume of 1,194,897. The business's fifty day simple moving average is $269.03 and its 200-day simple moving average is $262.38. The company has a market capitalization of $73.96 billion, a P/E ratio of 30.76, a P/E/G ratio of 2.62 and a beta of 1.41. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week 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 for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.13 EPS. On average, analysts forecast 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 was paid on Monday, June 30th. Investors of record on Friday, May 23rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is presently 30.52%.

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.