16,709 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by Avanza Fonder AB

Avanza Fonder AB acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, Holdings Channel.com reports. The firm acquired 16,709 shares of the company’s stock, valued at approximately $4,661,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after acquiring an additional 33,149 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Marriott International by 8.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,252 shares of the company’s stock valued at $8,765,000 after buying an additional 2,711 shares during the period. Blair William & Co. IL grew its position in Marriott International by 30.2% during the second quarter. Blair William & Co. IL now owns 34,756 shares of the company’s stock worth $8,403,000 after buying an additional 8,066 shares in the last quarter. MQS Management LLC acquired a new position in Marriott International in the 2nd quarter valued at $255,000. Finally, Intech Investment Management LLC grew its holdings in shares of Marriott International by 10.7% during the 2nd quarter. Intech Investment Management LLC now owns 7,980 shares of the company’s stock worth $1,929,000 after purchasing an additional 770 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the transaction, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. Corporate insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of MAR stock opened at $277.18 on Friday. The stock has a market capitalization of $77.03 billion, a PE ratio of 28.99, a PEG ratio of 4.48 and a beta of 1.57. The business’s 50 day simple moving average is $282.60 and its 200 day simple moving average is $255.65. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s payout ratio is 26.36%.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of analyst reports. Macquarie reiterated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. BMO Capital Markets boosted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Mizuho lifted their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Truist Financial raised their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, Sanford C. Bernstein increased their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus price target of $272.15.

Marriott International Company 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.