Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 9.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 949 shares of the company’s stock after buying an additional 85 shares during the period. Catalina Capital Group LLC’s holdings in Marriott International were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after buying an additional 46,563 shares during the last quarter. National Pension Service lifted 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 valued at $178,896,000 after buying an additional 74,832 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after acquiring an additional 47,551 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in 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 during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Marriott International by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after buying an additional 12,702 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In related news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. The trade was a 14.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock worth $3,919,739 over the last three months. Corporate insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Bank of America raised their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets lifted their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, Mizuho raised their price objective on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $272.15.

Marriott International Price Performance

Shares of MAR stock opened at $290.46 on Tuesday. The firm has a market cap of $80.72 billion, a P/E ratio of 30.38, a PEG ratio of 4.68 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The stock’s 50-day moving average is $283.06 and its two-hundred day moving average is $259.10.

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

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

About Marriott International

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.