Swedbank AB Has $15.76 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Swedbank AB raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,386 shares of the company’s stock after purchasing an additional 3,635 shares during the quarter. Swedbank AB’s holdings in Marriott International were worth $15,758,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service lifted its stake in Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after purchasing an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares during the period. First Pacific Advisors LP boosted its stake in shares of Marriott International by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after acquiring an additional 12,499 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Marriott International by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after acquiring an additional 12,702 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Up 0.1 %

NASDAQ MAR opened at $288.18 on Wednesday. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.80. The firm has a market capitalization of $80.08 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 5.59 and a beta of 1.58. The firm’s 50 day simple moving average is $264.04 and its 200 day simple moving average is $244.14.

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

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. Marriott International’s payout ratio is currently 26.36%.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, 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. In the last three months, insiders have sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on MAR shares. Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Barclays increased their price target on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Mizuho boosted their price objective on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $260.20.

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.