Marriott International, Inc. (NASDAQ:MAR) Holdings Boosted by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,952 shares of the company’s stock after acquiring an additional 225 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Marriott International were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. PointState Capital LP acquired a new stake in Marriott International in the third quarter worth $98,249,000. Assenagon Asset Management S.A. increased its holdings in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after acquiring an additional 294,898 shares during the period. Mizuho Securities USA LLC lifted its position in Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after purchasing an additional 116,477 shares during the last quarter. National Bank of Canada FI grew its position in Marriott International by 78.5% in the 3rd quarter. National Bank of Canada FI now owns 198,812 shares of the company’s stock worth $49,425,000 after purchasing an additional 87,439 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Marriott International in the third quarter valued at approximately $18,769,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $282.16 on Thursday. The business’s 50-day simple moving average is $283.31 and its 200-day simple moving average is $266.41. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a market cap of $77.79 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, equities research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. Insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MAR shares. Robert W. Baird lifted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research note on Tuesday, February 4th. BMO Capital Markets increased their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Argus boosted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $284.05.

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.