E. Ohman J or Asset Management AB Takes Position in Marriott International, Inc. (NASDAQ:MAR)

E. Ohman J or Asset Management AB bought a new position in Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,150 shares of the company’s stock, valued at approximately $3,110,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. PointState Capital LP bought a new stake in Marriott International during the third quarter valued at $98,249,000. Canoe Financial LP bought a new position in shares of Marriott International in the third quarter worth approximately $77,331,000. International Assets Investment Management LLC raised its stake in Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after purchasing an additional 300,543 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after purchasing an additional 294,898 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after buying an additional 116,477 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR opened at $290.75 on Wednesday. The stock has a market capitalization of $80.80 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. The stock’s 50 day moving average price is $283.11 and its 200-day moving average price is $259.42. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $295.45.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MAR shares. Stifel Nicolaus upped their target price on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Truist Financial increased their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Jefferies Financial Group upped their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group upped their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International presently has an average rating of “Hold” and an average price target of $276.35.

Insider Transactions at Marriott International

In related news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,315 shares of company stock valued at $3,782,494. Corporate insiders own 10.07% of the company’s stock.

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, City Express by Marriott, and St.