Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 47,884 shares of the company’s stock after purchasing an additional 1,699 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Marriott International were worth $13,357,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Marriott International by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock worth $412,167,000 after buying an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after buying an additional 46,563 shares during the period. Janus Henderson Group PLC increased its holdings in Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after buying an additional 47,551 shares during the period. Raymond James Financial Inc. acquired a new position in Marriott International in the 4th quarter worth approximately $165,162,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after buying an additional 2,723 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

NASDAQ MAR opened at $243.81 on Thursday. The business has a fifty day moving average price of $279.75 and a 200 day moving average price of $269.47. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a market cap of $67.22 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data 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 negative return on equity of 116.67% and a net margin of 9.46%. As a group, sell-side analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Insider Activity at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 in the last three months. 12.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAR shares. Wells Fargo & Company lowered their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Truist Financial upped their price objective on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price objective on Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. UBS Group upped their price objective on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their price objective on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $286.45.

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.