Fisher Asset Management LLC Has $1.76 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Fisher Asset Management LLC trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,092 shares of the company’s stock after selling 391 shares during the period. Fisher Asset Management LLC’s holdings in Marriott International were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BDF Gestion bought a new stake in shares of Marriott International in the 2nd quarter valued at approximately $3,013,000. Jensen Investment Management Inc. acquired a new position in shares of Marriott International during the 3rd quarter worth $793,000. CWM LLC raised its holdings in shares of Marriott International by 518.7% during the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after purchasing an additional 39,839 shares in the last quarter. BayBridge Capital Group LLC bought a new stake in Marriott International in the third quarter worth $1,254,000. Finally, Kinsale Capital Group Inc. bought a new stake in shares of Marriott International during the 3rd quarter worth about $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value 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. The trade was a 3.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock valued at $3,919,739 in the last ninety days. Insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of Marriott International stock opened at $289.09 on Friday. Marriott International, Inc. has a twelve month low of $200.94 and a twelve month high of $290.43. The firm has a market cap of $80.34 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 5.62 and a beta of 1.58. The firm’s 50-day simple moving average is $266.70 and its 200-day simple moving average is $245.07.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast 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. Stockholders of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group decreased their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. The Goldman Sachs Group began coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. 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 currently has an average rating of “Hold” and an average target price of $260.20.

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.