OMERS ADMINISTRATION Corp Acquires 1,720 Shares of Marriott International, Inc. (NASDAQ:MAR)

OMERS ADMINISTRATION Corp grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,394 shares of the company's stock after acquiring an additional 1,720 shares during the period. OMERS ADMINISTRATION Corp's holdings in Marriott International were worth $2,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MAR. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International during the 4th quarter valued at $25,000. Bernard Wealth Management Corp. bought a new stake in Marriott International during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc lifted its position in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in Marriott International during the 4th quarter valued at approximately $33,000. 70.70% of the stock is owned by institutional investors.

Insider Transactions at Marriott International

In related news, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction dated Monday, February 24th. The shares were 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 of the company's stock, valued at approximately $1,262,811.48. This trade represents a 18.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,694 shares of company stock worth $9,208,342. 10.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MAR has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Robert W. Baird upped 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. Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and lifted their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Susquehanna increased their price objective on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Marriott International currently has an average rating of "Moderate Buy" and an average target price of $276.60.

Marriott International Trading Up 0.6%

NASDAQ:MAR traded up $1.76 during midday trading on Friday, hitting $273.23. 1,235,005 shares of the company traded hands, compared to its average volume of 1,606,277. The firm's fifty day moving average is $239.16 and its 200-day moving average is $266.75. The firm has a market capitalization of $74.84 billion, a P/E ratio of 32.84, 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 released its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.07. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $2.13 EPS. On average, research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This is a boost from Marriott International's previous quarterly dividend of $0.63. 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%. Marriott International's dividend payout ratio is currently 30.52%.

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.