Union Bancaire Privee UBP SA Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Union Bancaire Privee UBP SA bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,480 shares of the company’s stock, valued at approximately $2,990,000.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its holdings in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares in the last quarter. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter worth $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International during the third quarter worth $33,000. Wingate Wealth Advisors Inc. acquired a new position in Marriott International during the fourth quarter worth $33,000. Finally, ORG Partners LLC raised its position in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the subject of several recent analyst reports. TD Cowen cut their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Sanford C. Bernstein raised their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on shares of 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. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, Mizuho raised their target price on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $284.05.

Marriott International Stock Down 3.4 %

Shares of NASDAQ MAR opened at $277.47 on Monday. The firm’s 50-day simple moving average is $283.73 and its 200 day simple moving average is $265.45. The stock has a market cap of $76.50 billion, a P/E ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

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.