Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Land & Buildings Investment Management LLC

Land & Buildings Investment Management LLC lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,880 shares of the company’s stock after purchasing an additional 34,020 shares during the period. Marriott International comprises about 5.4% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 10th biggest holding. Land & Buildings Investment Management LLC’s holdings in Marriott International were worth $26,466,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MAR. Straightline Group LLC purchased a new stake in shares of Marriott International during the fourth quarter worth $495,000. NewEdge Wealth LLC grew its holdings in shares of Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock worth $1,212,000 after buying an additional 1,112 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Marriott International during the fourth quarter worth $2,990,000. Markel Group Inc. grew its holdings in shares of Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock worth $13,110,000 after buying an additional 11,000 shares in the last quarter. Finally, Covea Finance grew its holdings in shares of Marriott International by 69.9% during the fourth quarter. Covea Finance now owns 60,540 shares of the company’s stock worth $16,887,000 after buying an additional 24,900 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm’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 value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 in the last three months. Insiders own 10.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MAR shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company decreased their target price on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Argus upped their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Mizuho decreased their target price on shares of Marriott International from $293.00 to $285.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $272.75.

Marriott International Stock Down 0.5%

Shares of Marriott International stock opened at $257.97 on Monday. The firm has a market cap of $70.66 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. The business has a fifty day simple moving average of $237.89 and a 200-day simple moving average of $266.44. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the business posted $2.13 earnings per share. Marriott International’s revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International’s payout ratio is currently 28.70%.

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.