Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,403 shares of the company's stock after purchasing an additional 10,197 shares during the quarter. Vontobel Holding Ltd.'s holdings in Marriott International were worth $17,906,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in Marriott International in the third quarter worth about $25,000. Resurgent Financial Advisors LLC purchased a new position in Marriott International in the fourth quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Marriott International during the 4th quarter valued at about $28,000. Coppell Advisory Solutions Corp. bought a new position in shares of Marriott International in the 4th quarter worth approximately $28,000. Finally, ORG Partners LLC boosted its holdings in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company's stock worth $29,000 after buying an additional 53 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Marriott International from $205.00 to $227.00 and gave the stock a "hold" rating in a research note on Tuesday, January 2nd. Robert W. Baird reduced their price target on Marriott International from $250.00 to $248.00 and set a "neutral" rating for the company in a research report on Wednesday, February 14th. Mizuho assumed coverage on Marriott International in a research report on Tuesday, March 26th. They set a "neutral" rating and a $263.00 price objective on the stock. BMO Capital Markets raised their target price on shares of Marriott International from $230.00 to $235.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 14th. Finally, Barclays upped their price target on shares of Marriott International from $234.00 to $239.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 14th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Marriott International presently has a consensus rating of "Hold" and an average price target of $236.81.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the transaction, the chief financial officer now owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Anthony Capuano sold 20,000 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the transaction, the chief executive officer now owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the sale, the chief financial officer now owns 20,036 shares in the company, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock valued at $30,435,493 in the last ninety days. Insiders own 10.07% of the company's stock.

Marriott International Stock Performance

NASDAQ:MAR traded down $2.79 during trading hours on Tuesday, reaching $245.62. The stock had a trading volume of 1,088,898 shares, compared to its average volume of 1,423,190. The stock has a market capitalization of $70.98 billion, a PE ratio of 24.38, a PEG ratio of 1.83 and a beta of 1.62. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57. The company has a 50 day moving average price of $248.97 and a two-hundred day moving average price of $224.60.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Marriott International's revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a yield of 0.85%. Marriott International's dividend payout ratio (DPR) is presently 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.