Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 38.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 152,609 shares of the company’s stock after acquiring an additional 42,538 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Marriott International were worth $42,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Silvant Capital Management LLC acquired a new stake in shares of Marriott International in the 3rd quarter worth about $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the third quarter valued at approximately $33,000. Cyrus J. Lawrence LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $36,000. ORG Partners LLC boosted its position in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Marriott International in the 3rd quarter valued at approximately $40,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Down 0.0 %

Shares of Marriott International stock opened at $276.00 on Friday. The stock has a market cap of $76.70 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The business has a fifty day simple moving average of $282.64 and a 200-day simple moving average of $255.51.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. Analysts expect that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAR. The Goldman Sachs Group increased their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Argus boosted their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Mizuho upped their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Bank of America boosted their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $272.15.

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.