MV Capital Management Inc. purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,226 shares of the company’s stock, valued at approximately $1,001,000.
A number of other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in Marriott International by 21.7% in the third quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock valued at $2,389,635,000 after acquiring an additional 1,637,119 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Marriott International by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock valued at $1,377,577,000 after purchasing an additional 118,504 shares in the last quarter. Capital International Investors raised its stake in Marriott International by 7.1% in the fourth quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock worth $1,274,475,000 after buying an additional 272,250 shares in the last quarter. Norges Bank bought a new stake in Marriott International during the 4th quarter valued at approximately $812,570,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Marriott International by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock worth $582,952,000 after acquiring an additional 219,579 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.
Marriott International Stock Performance
Shares of Marriott International stock opened at $396.20 on Friday. The company has a 50-day simple moving average of $370.80 and a two-hundred day simple moving average of $339.93. Marriott International, Inc. has a 52-week low of $253.76 and a 52-week high of $410.98. The stock has a market capitalization of $104.47 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 3.14 and a beta of 1.10.
Marriott International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is presently 30.64%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. UBS Group raised their price objective on Marriott International from $336.00 to $412.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley boosted their price objective on shares of Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Barclays lifted their target price on shares of Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Wells Fargo & Company upped their price target on Marriott International to $446.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Mizuho lifted their price objective on Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $384.73.
Get Our Latest Analysis on Marriott International
Insider Activity
In other news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.43% of the stock is currently owned by insiders.
Marriott International Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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