BI Asset Management Fondsmaeglerselskab A S Has $7.23 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 181.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,903 shares of the company’s stock after acquiring an additional 16,701 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Marriott International were worth $7,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invst LLC grew its holdings in Marriott International by 3.1% in the third quarter. Invst LLC now owns 8,258 shares of the company’s stock worth $2,053,000 after purchasing an additional 252 shares during the period. Diamant Asset Management Inc. acquired a new stake in shares of Marriott International in the 3rd quarter valued at about $373,000. Wilmington Savings Fund Society FSB acquired a new position in Marriott International during the 3rd quarter worth approximately $1,260,000. Optimist Retirement Group LLC boosted its holdings in Marriott International by 7.7% in the third quarter. Optimist Retirement Group LLC now owns 894 shares of the company’s stock worth $222,000 after acquiring an additional 64 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Marriott International by 86.8% in the third quarter. Tidal Investments LLC now owns 16,375 shares of the company’s stock valued at $4,071,000 after acquiring an additional 7,607 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MAR. The Goldman Sachs Group reissued a “neutral” rating and issued a $245.00 price target (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Barclays decreased their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Jefferies Financial Group dropped their price target on shares of Marriott International from $295.00 to $226.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus lowered their price objective on Marriott International from $295.00 to $240.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Truist Financial cut their target price on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $277.00.

Insider Activity at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,694 shares of company stock worth $8,938,132. 10.68% of the stock is owned by corporate insiders.

Marriott International Stock Up 0.7 %

Shares of MAR stock opened at $220.41 on Friday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a 50 day moving average of $250.07 and a 200-day moving average of $268.38. The firm has a market cap of $60.82 billion, a P/E ratio of 26.49, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

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.