Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Banque Pictet & Cie SA

Banque Pictet & Cie SA lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,092 shares of the company’s stock after purchasing an additional 138 shares during the quarter. Banque Pictet & Cie SA’s holdings in Marriott International were worth $11,183,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. PointState Capital LP purchased a new position in shares of Marriott International during the 3rd quarter valued at approximately $98,249,000. Canoe Financial LP purchased a new position in Marriott International during the third quarter valued at $77,331,000. International Assets Investment Management LLC grew its position in shares of Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after purchasing an additional 300,543 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Marriott International by 341.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after purchasing an additional 294,898 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after buying an additional 116,477 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Down 0.8 %

Shares of NASDAQ MAR opened at $288.24 on Friday. The stock has a market cap of $80.10 billion, a P/E ratio of 30.15, a PEG ratio of 4.88 and a beta of 1.57. The business’s fifty day simple moving average is $284.38 and its 200-day simple moving average is $262.07. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. Marriott International’s payout ratio is 26.36%.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MAR shares. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. BMO Capital Markets lifted their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Bank of America increased their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays dropped their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Truist Financial boosted their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $284.45.

About Marriott International

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.