Shell Asset Management Co. increased its stake in shares of Marriott International (NASDAQ:MAR) by 88.2% during the third quarter, Holdings Channel reports. The fund owned 33,678 shares of the company’s stock after buying an additional 15,781 shares during the period. Shell Asset Management Co.’s holdings in Marriott International were worth $2,268,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MAR. Quadrant Capital Group LLC boosted its stake in shares of Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock valued at $118,000 after buying an additional 840 shares during the last quarter. Smithfield Trust Co. raised its position in shares of 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 period. Gradient Investments LLC raised its position in shares of Marriott International by 1.7% in the third quarter. Gradient Investments LLC now owns 1,991 shares of the company’s stock valued at $134,000 after buying an additional 33 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in shares of Marriott International by 91.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,763 shares of the company’s stock valued at $184,000 after buying an additional 1,321 shares during the period. Finally, CENTRAL TRUST Co raised its position in shares of Marriott International by 15.6% in the third quarter. CENTRAL TRUST Co now owns 2,762 shares of the company’s stock valued at $186,000 after buying an additional 372 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

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

Shares of Marriott International (NASDAQ:MAR) opened at 82.64 on Friday. Marriott International has a one year low of $56.43 and a one year high of $86.15. The stock has a market cap of $32.27 billion, a PE ratio of 29.42 and a beta of 1.29. The company’s 50-day moving average price is $81.99 and its 200-day moving average price is $72.71.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.03. The business earned $3.94 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Marriott International had a negative return on equity of 76.10% and a net margin of 4.82%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities research analysts anticipate that Marriott International will post $3.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, November 24th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, November 21st. Marriott International’s payout ratio is 42.25%.

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MAR has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on Marriott International in a research note on Monday, September 26th. They issued a “buy” rating and a $81.00 price target on the stock. Vetr lowered Marriott International from a “strong-buy” rating to a “buy” rating and set a $78.19 price target on the stock. in a research note on Monday, November 7th. MKM Partners raised Marriott International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $72.00 to $90.00 in a research note on Monday, December 5th. Canaccord Genuity reissued a “buy” rating and issued a $91.00 price target (up from $84.00) on shares of Marriott International in a research note on Friday, December 23rd. Finally, RBC Capital Markets reissued a “buy” rating and issued a $90.00 price target on shares of Marriott International in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Marriott International currently has an average rating of “Buy” and an average target price of $80.60.

In other news, insider Craig S. Smith sold 600 shares of the business’s stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $84.41, for a total value of $50,646.00. Following the completion of the transaction, the insider now owns 15,104 shares in the company, valued at $1,274,928.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arne M. Sorenson sold 19,235 shares of the business’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $82.88, for a total value of $1,594,196.80. Following the completion of the transaction, the chief executive officer now owns 536,070 shares of the company’s stock, valued at approximately $44,429,481.60. The disclosure for this sale can be found here. Company insiders own 17.07% of the company’s stock.

Marriott International Company Profile

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

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