Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,676 shares of the company’s stock after acquiring an additional 426 shares during the quarter. Vinva Investment Management Ltd’s holdings in Marriott International were worth $1,591,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. NewEdge Wealth LLC increased its holdings in shares of Marriott International by 34.4% in the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after purchasing an additional 1,112 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Marriott International in the third quarter valued at approximately $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $2,990,000. Markel Group Inc. increased its holdings in shares of Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock valued at $13,110,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Covea Finance increased its holdings in shares of Marriott International by 69.9% in the fourth quarter. Covea Finance now owns 60,540 shares of the company’s stock valued at $16,887,000 after purchasing an additional 24,900 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.1 %

NASDAQ:MAR opened at $244.84 on Friday. The firm has a market cap of $67.50 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The stock has a fifty day moving average price of $276.20 and a 200 day moving average price of $269.79. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month 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 (EPS) for the quarter, beating 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%. Equities analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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 paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Insider Buying and Selling at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. Corporate insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MAR shares. Barclays cut their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Stifel Nicolaus raised their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Mizuho raised their target price on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note 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. Finally, Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $286.45.

Marriott International Company 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.