Marriott International, Inc. (NASDAQ:MAR) Position Lowered by BNP Paribas

BNP Paribas reduced its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,595 shares of the company's stock after selling 11,322 shares during the quarter. BNP Paribas' holdings in Marriott International were worth $3,512,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Straightline Group LLC acquired a new position in Marriott International in the fourth quarter valued at approximately $495,000. NewEdge Wealth LLC grew its stake in Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after buying an additional 1,112 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Marriott International in the fourth quarter worth $2,990,000. Markel Group Inc. boosted its holdings in shares of Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after acquiring an additional 11,000 shares during the period. Finally, Covea Finance increased its holdings in shares of Marriott International by 69.9% in the 4th quarter. Covea Finance now owns 60,540 shares of the company's stock worth $16,887,000 after acquiring an additional 24,900 shares during the period. Institutional investors own 70.70% of the company's stock.

Insider Activity

In related news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last 90 days. Company insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

MAR has been the topic of several analyst reports. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Truist Financial cut their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus decreased their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Argus lifted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, Mizuho raised their target price on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Fourteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Marriott International has an average rating of "Hold" and an average target price of $273.10.

Marriott International Trading Up 2.3 %

Shares of MAR opened at $249.47 on Friday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock has a market capitalization of $68.84 billion, a P/E ratio of 29.98, a P/E/G ratio of 3.42 and a beta of 1.42. The business's 50-day moving average price is $240.20 and its 200 day moving average price is $266.72.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.01%. Marriott International's payout ratio is presently 30.29%.

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.

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