ING Groep NV Sells 14,656 Shares of Marriott International, Inc. (NASDAQ:MAR)

ING Groep NV lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 28.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,248 shares of the company’s stock after selling 14,656 shares during the period. ING Groep NV’s holdings in Marriott International were worth $10,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAR. Allspring Global Investments Holdings LLC grew its position in Marriott International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock valued at $3,690,000 after acquiring an additional 274 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Marriott International by 15.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 494 shares of the company’s stock worth $123,000 after purchasing an additional 67 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Marriott International by 2.6% during the third quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock worth $500,000 after purchasing an additional 51 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Marriott International by 25.4% during the third quarter. Sequoia Financial Advisors LLC now owns 11,053 shares of the company’s stock worth $2,748,000 after purchasing an additional 2,240 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of Marriott International by 31.4% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,620 shares of the company’s stock worth $403,000 after purchasing an additional 387 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAR. The Goldman Sachs Group boosted their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Susquehanna boosted their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. UBS Group lifted their price objective on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Mizuho lifted their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Barclays cut their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $284.05.

Marriott International Stock Performance

Shares of MAR opened at $287.20 on Friday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The business’s 50 day moving average price is $283.92 and its two-hundred day moving average price is $264.29. The firm has a market cap of $79.18 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 3.43 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS 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%. Research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is 30.29%.

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.