Healthcare of Ontario Pension Plan Trust Fund Has $64.58 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 7.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 259,766 shares of the company’s stock after buying an additional 18,439 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Marriott International were worth $64,578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BDF Gestion acquired a new stake in shares of Marriott International during the 2nd quarter worth approximately $3,013,000. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $793,000. CWM LLC grew its position in shares of Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares during the period. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $1,254,000. Finally, Kinsale Capital Group Inc. acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MAR shares. Evercore ISI lifted their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Sanford C. Bernstein lifted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. UBS Group reduced their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Barclays lifted their price objective on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley reduced their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $260.20.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Insiders own 10.07% of the company’s stock.

Marriott International Stock Up 0.1 %

Shares of MAR stock opened at $288.18 on Wednesday. The company’s fifty day simple moving average is $264.04 and its 200-day simple moving average is $244.14. The firm has a market cap of $80.08 billion, a PE ratio of 30.14, a P/E/G ratio of 5.67 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.80.

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

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. Marriott International’s payout ratio is 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.