National Bank of Canada FI Acquires 100,883 Shares of Marriott International, Inc. (NASDAQ:MAR)

National Bank of Canada FI grew its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 72.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,675 shares of the company's stock after acquiring an additional 100,883 shares during the quarter. National Bank of Canada FI owned about 0.08% of Marriott International worth $53,388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parnassus Investments LLC acquired a new stake in shares of Marriott International during the third quarter worth $481,621,000. FMR LLC lifted its holdings in shares of Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company's stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares during the period. Jennison Associates LLC grew its holdings in Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company's stock valued at $1,025,416,000 after purchasing an additional 1,173,028 shares during the period. International Assets Investment Management LLC raised its stake in Marriott International by 1,487.6% during the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company's stock worth $77,856,000 after purchasing an additional 323,500 shares during the period. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of Marriott International by 2,023.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 135,673 shares of the company's stock valued at $26,668,000 after purchasing an additional 129,285 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. UBS Group upped their price target on Marriott International from $210.00 to $259.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Argus lifted their price target on shares of Marriott International from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. BMO Capital Markets raised their target price on shares of Marriott International from $235.00 to $240.00 and gave the company a "market perform" rating in a research note on Thursday. Robert W. Baird upped their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wells Fargo & Company reduced their price objective on Marriott International from $250.00 to $248.00 and set an "equal weight" rating on the stock in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $241.33.

Marriott International Stock Up 1.0 %

NASDAQ MAR traded up $2.23 on Monday, reaching $236.82. 1,067,844 shares of the stock traded hands, compared to its average volume of 1,452,414. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The firm's fifty day simple moving average is $247.15 and its 200 day simple moving average is $229.16. The company has a market cap of $67.64 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 4.44 and a beta of 1.61.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter last year, the firm posted $2.09 earnings per share. Marriott International's revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.5 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders 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 dividend yield of 0.88%. Marriott International's dividend payout ratio (DPR) is presently 21.47%.

Insider Buying and Selling

In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the business's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the sale, the director now owns 1,472 shares in the company, valued at approximately $349,452.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the sale, the insider now directly owns 24,478 shares of the company's stock, valued at approximately $6,166,742.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the completion of the transaction, the director now owns 1,472 shares in the company, valued at approximately $349,452.80. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 in the last three months. 12.32% of the stock is currently owned by insiders.

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