Unio Capital LLC Raises Stake in Marriott International, Inc. (NASDAQ:MAR)

Unio Capital LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,368 shares of the company's stock after buying an additional 5,149 shares during the quarter. Marriott International makes up 3.9% of Unio Capital LLC's portfolio, making the stock its 17th largest position. Unio Capital LLC's holdings in Marriott International were worth $10,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MAR. FMR LLC increased its position in Marriott International by 0.8% during the 4th quarter. FMR LLC now owns 6,973,897 shares of the company's stock valued at $1,945,299,000 after purchasing an additional 56,978 shares during the period. Geode Capital Management LLC increased its holdings in Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock valued at $1,398,321,000 after buying an additional 60,458 shares during the period. Capital International Investors raised its stake in Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company's stock worth $1,316,682,000 after buying an additional 15,923 shares in the last quarter. Wellington Management Group LLP boosted its position in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after acquiring an additional 512,963 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 12,642 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,694 shares of company stock worth $9,208,342. Insiders own 10.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MAR. Mizuho cut their price target on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Barclays decreased their price target on Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird boosted their target price on shares of Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group raised 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 report on Monday, May 12th. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $276.60.

Marriott International Stock Down 0.0%

MAR opened at $273.19 on Tuesday. 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 $74.83 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.42 and a beta of 1.39. The firm's fifty day simple moving average is $239.74 and its two-hundred day simple moving average is $266.88.

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

Marriott International Increases Dividend

The company 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 $0.67 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is currently 30.52%.

About Marriott International

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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