BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 740 Shares of Marriott International, Inc. (NASDAQ:MAR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,100 shares of the company’s stock after buying an additional 740 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Marriott International were worth $20,659,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAR. National Pension Service raised its stake in shares of Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after buying an additional 33,149 shares during the last quarter. First Pacific Advisors LP boosted its holdings in shares of Marriott International by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Marriott International by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after acquiring an additional 12,702 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.3 %

Shares of Marriott International stock opened at $284.29 on Friday. The stock has a market capitalization of $79.00 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 5.49 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04. The company has a 50-day simple moving average of $261.88 and a 200 day simple moving average of $243.34.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 EPS. On average, equities analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Insider Buying and Selling

In related news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,108 shares of company stock worth $3,434,439 in the last quarter. Insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MAR. BMO Capital Markets lifted their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Barclays upped their price target on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Bank of America boosted their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Evercore ISI increased their price target on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Finally, Sanford C. Bernstein upped their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $259.00.

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.