Deutsche Bank AG Sells 48,292 Shares of Marriott International, Inc. (NASDAQ:MAR)

Deutsche Bank AG decreased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,215,875 shares of the company's stock after selling 48,292 shares during the quarter. Deutsche Bank AG owned 0.44% of Marriott International worth $339,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in Marriott International by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 263,638 shares of the company's stock worth $65,540,000 after acquiring an additional 4,301 shares during the period. Fulton Bank N.A. boosted its position in Marriott International by 3.3% during the 4th quarter. Fulton Bank N.A. now owns 3,596 shares of the company's stock worth $1,003,000 after acquiring an additional 115 shares during the period. First Hawaiian Bank bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $211,000. Fortitude Family Office LLC increased its position in shares of Marriott International by 20.3% during the fourth quarter. Fortitude Family Office LLC now owns 320 shares of the company's stock valued at $89,000 after purchasing an additional 54 shares during the period. Finally, ORG Partners LLC increased its position in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. Argus upped their price target on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $245.00 price target (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Stifel Nicolaus lowered their price target 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, Barclays lowered their price target on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marriott International presently has a consensus rating of "Hold" and a consensus target price of $276.60.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This trade represents a 18.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This represents a 12.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 10.68% of the company's stock.

Marriott International Trading Up 0.8%

Marriott International stock traded up $2.18 during mid-day trading on Tuesday, hitting $274.14. The stock had a trading volume of 1,690,326 shares, compared to its average volume of 1,606,314. The stock has a 50-day simple moving average of $237.91 and a two-hundred day simple moving average of $266.51. The stock has a market capitalization of $75.09 billion, a PE ratio of 32.95, a P/E/G ratio of 3.42 and a beta of 1.39. 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, beating the consensus estimate 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 analysts' expectations of $6.19 billion. During the same quarter last year, the business earned $2.13 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a yield of 0.98%. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is 28.70%.

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.