First Pacific Advisors LP Has $154.88 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

First Pacific Advisors LP reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 555,259 shares of the company’s stock after selling 57,243 shares during the quarter. Marriott International accounts for 2.2% of First Pacific Advisors LP’s investment portfolio, making the stock its 18th biggest holding. First Pacific Advisors LP owned about 0.20% of Marriott International worth $154,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MAR. Raymond James Financial Inc. acquired a new stake in Marriott International during the 4th quarter worth about $165,162,000. PointState Capital LP purchased a new stake in shares of Marriott International in the third quarter worth approximately $98,249,000. Proficio Capital Partners LLC grew its position in Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock valued at $100,636,000 after purchasing an additional 359,795 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after buying an additional 294,898 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Marriott International by 35,705.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company’s stock worth $71,681,000 after buying an additional 241,011 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Susquehanna upped their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research note on Tuesday, February 4th. Argus raised their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley boosted their target price on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $286.45.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab sold 1,054 shares of the 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 completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by company insiders.

Marriott International Stock Up 0.0 %

Shares of NASDAQ MAR opened at $262.75 on Monday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company has a market cap of $72.44 billion, a P/E ratio of 31.58, a P/E/G ratio of 3.42 and a beta of 1.58. The business’s 50 day moving average is $281.57 and its two-hundred day moving average is $269.27.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.96%. Marriott International’s dividend payout ratio is 30.29%.

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.