Fisher Asset Management LLC increased its position in Marriott International Inc. (NASDAQ:MAR) by 1,089.5% during the third quarter, Holdings Channel reports. The firm owned 44,926 shares of the company’s stock after buying an additional 41,149 shares during the period. Fisher Asset Management LLC’s holdings in Marriott International were worth $3,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. North Star Investment Management Corp. increased its position in Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock valued at $102,000 after buying an additional 350 shares during the last quarter. Smithfield Trust Co. increased its position in Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock valued at $125,000 after buying an additional 660 shares during the last quarter. Gradient Investments LLC increased its position in Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock valued at $130,000 after buying an additional 8 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Marriott International by 12.6% in the second quarter. Parkside Financial Bank & Trust now owns 2,309 shares of the company’s stock valued at $154,000 after buying an additional 259 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Marriott International by 16.1% in the second quarter. CENTRAL TRUST Co now owns 2,390 shares of the company’s stock valued at $159,000 after buying an additional 332 shares during the last quarter. Institutional investors and hedge funds own 63.96% of the company’s stock.

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

Shares of Marriott International Inc. (NASDAQ:MAR) traded down 0.42% on Wednesday, reaching $78.78. 3,540,334 shares of the company’s stock were exchanged. The company’s 50 day moving average is $71.28 and its 200-day moving average is $69.54. The stock has a market cap of $30.76 billion, a price-to-earnings ratio of 28.05 and a beta of 1.23. Marriott International Inc. has a one year low of $56.43 and a one year high of $79.39.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 7th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm earned $3.94 billion during the quarter, compared to the consensus estimate of $4.41 billion. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, analysts anticipate that Marriott International Inc. will post $3.62 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, November 24th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. Marriott International’s dividend payout ratio is currently 42.25%.

COPYRIGHT VIOLATION NOTICE: “Marriott International Inc. (MAR) Position Boosted by Fisher Asset Management LLC” was published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this news story can be accessed at http://www.dailypolitical.com/2016/11/30/marriott-international-inc-mar-position-boosted-by-fisher-asset-management-llc.html.

Several equities analysts have recently weighed in on MAR shares. Goldman Sachs Group Inc. started coverage on shares of Marriott International in a research note on Monday, September 26th. They issued a “buy” rating and a $81.00 target price for the company. Vetr downgraded shares of Marriott International from a “strong-buy” rating to a “buy” rating and set a $78.19 target price for the company. in a research note on Monday, November 7th. Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Thursday, October 20th. Stifel Nicolaus raised their price objective on shares of Marriott International from $65.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, September 26th. Finally, Barclays PLC set a $80.00 price objective on shares of Marriott International and gave the company a “hold” rating in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company’s stock. Marriott International presently has an average rating of “Hold” and a consensus target price of $76.59.

In related news, insider David A. Rodriguez sold 1,582 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $77.53, for a total value of $122,652.46. Following the completion of the sale, the insider now directly owns 49,392 shares in the company, valued at $3,829,361.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Edward A. Ryan sold 8,744 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $77.12, for a total value of $674,337.28. Following the completion of the sale, the executive vice president now owns 87,727 shares of the company’s stock, valued at $6,765,506.24. The disclosure for this sale can be found here. Insiders own 17.07% of the company’s stock.

About Marriott International

Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.

5 Day Chart for NASDAQ:MAR

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International Inc. (NASDAQ:MAR).

Receive News & Ratings for Marriott International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.