National Bank of Canada FI Boosts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

National Bank of Canada FI increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 28.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 255,929 shares of the company’s stock after purchasing an additional 57,117 shares during the period. National Bank of Canada FI owned 0.09% of Marriott International worth $71,391,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MAR. Hopwood Financial Services Inc. bought a new position in shares of Marriott International in the 4th quarter worth $25,000. Bell Investment Advisors Inc raised its holdings in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International in the 4th quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International during the fourth quarter valued at approximately $38,000. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was 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 of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company decreased their price target 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. UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna lifted their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Argus upped their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $286.05.

Marriott International Trading Up 0.0 %

Shares of NASDAQ:MAR opened at $238.24 on Wednesday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The business has a 50 day moving average of $270.75 and a two-hundred day moving average of $271.02. The company has a market capitalization of $65.68 billion, a PE ratio of 28.63, a PEG ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Marriott International’s payout ratio is 30.29%.

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.