Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Czech National Bank

Czech National Bank grew its position in Marriott International, Inc. (NASDAQ:MAR) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,010 shares of the company’s stock after buying an additional 2,411 shares during the quarter. Czech National Bank’s holdings in Marriott International were worth $13,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the third quarter valued at about $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter valued at approximately $33,000. Cyrus J. Lawrence LLC purchased a new position in Marriott International during the second quarter worth $36,000. ORG Partners LLC lifted 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 acquiring an additional 84 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Marriott International during the 3rd quarter worth about $40,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird lifted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. BMO Capital Markets raised their price target 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, Barclays increased their price objective on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $269.65.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,815 shares of company stock worth $3,919,739. Insiders own 12.32% of the company’s stock.

Marriott International Trading Up 0.6 %

NASDAQ MAR opened at $272.29 on Tuesday. The company’s fifty day simple moving average is $282.31 and its 200-day simple moving average is $255.12. The stock has a market cap of $75.67 billion, a P/E ratio of 28.48, a PEG ratio of 5.47 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Marriott International, Inc. will post 9.26 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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is currently 26.36%.

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.