Perpetual Ltd Makes New $212,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

Perpetual Ltd purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 761 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PointState Capital LP purchased a new position in shares of Marriott International during the 3rd quarter worth about $98,249,000. Canoe Financial LP bought a new stake in Marriott International in the third quarter worth about $77,331,000. International Assets Investment Management LLC grew its stake in shares of Marriott International by 15,148.3% during the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after buying an additional 300,543 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake 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 acquiring an additional 294,898 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after acquiring an additional 240,674 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $285.07 on Friday. The firm has a market capitalization of $79.22 billion, a P/E ratio of 29.82, a P/E/G ratio of 4.59 and a beta of 1.57. The business’s 50-day moving average is $282.07 and its 200 day moving average is $256.82. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $2.11 earnings per share. On average, analysts expect that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.88%. Marriott International’s dividend payout ratio is currently 26.36%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Argus boosted their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Evercore ISI upped their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. The Goldman Sachs Group lifted their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $272.15.

Insider Activity

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 12.32% of the company’s stock.

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.