Wellington Management Group LLP Raises Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Wellington Management Group LLP increased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 50.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,661,101 shares of the company’s stock after acquiring an additional 1,570,144 shares during the quarter. Wellington Management Group LLP owned approximately 1.69% of Marriott International worth $1,300,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Townsquare Capital LLC boosted its stake in shares of Marriott International by 22.3% during the third quarter. Townsquare Capital LLC now owns 7,393 shares of the company’s stock worth $1,838,000 after buying an additional 1,349 shares during the period. CreativeOne Wealth LLC raised its stake in Marriott International by 7.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,772 shares of the company’s stock valued at $441,000 after acquiring an additional 123 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Marriott International by 1.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,185 shares of the company’s stock valued at $11,482,000 after purchasing an additional 435 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Marriott International by 5.9% during the third quarter. Public Sector Pension Investment Board now owns 8,944 shares of the company’s stock worth $2,223,000 after purchasing an additional 500 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of Marriott International by 18.8% during the third quarter. Edgestream Partners L.P. now owns 6,141 shares of the company’s stock worth $1,527,000 after purchasing an additional 970 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $237.01 on Monday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a market cap of $65.34 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The business’s fifty day moving average price is $272.32 and its two-hundred day moving average price is $270.93.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share 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 given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Insiders Place Their Bets

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

MAR has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays reduced their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company cut their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Mizuho lifted their price target on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Argus raised their target price on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $286.05.

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.