Edgestream Partners L.P. Grows Position in Marriott International, Inc. (NASDAQ:MAR)

Edgestream Partners L.P. lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,141 shares of the company’s stock after purchasing an additional 970 shares during the quarter. Edgestream Partners L.P.’s holdings in Marriott International were worth $1,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after purchasing an additional 46,563 shares during the last quarter. National Pension Service boosted its stake in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after buying an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after acquiring an additional 33,149 shares during the last quarter. First Pacific Advisors LP raised its stake in shares of Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after acquiring an additional 12,499 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Sanford C. Bernstein lifted their target price 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. Stifel Nicolaus boosted their target price on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price target on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Barclays boosted their price objective on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $260.20.

Insider Activity at Marriott International

In related news, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is owned by insiders.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $284.93 on Wednesday. Marriott International, Inc. has a 1 year low of $202.24 and a 1 year high of $290.43. The firm has a 50-day moving average of $268.34 and a 200 day moving average of $245.86. The stock has a market cap of $79.18 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 5.63 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

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.