UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $290.20 Million Position in Marriott International, Inc. (NASDAQ:MAR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,040,365 shares of the company’s stock after purchasing an additional 16,178 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of Marriott International worth $290,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International during the fourth quarter worth $25,000. Bernard Wealth Management Corp. bought a new position in shares of Marriott International during the fourth quarter worth about $25,000. Bell Investment Advisors Inc lifted its stake in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its position in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Morgan Stanley decreased their price objective on Marriott International from $275.00 to $267.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded Marriott International from a “hold” rating to a “buy” rating and upped their target price for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Wells Fargo & Company decreased their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus dropped their price objective on Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.50.

Marriott International Price Performance

NASDAQ:MAR opened at $260.69 on Thursday. The company has a market cap of $71.40 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.42 and a beta of 1.39. The firm’s fifty day moving average price is $240.70 and its two-hundred day moving average price is $266.84. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Marriott International’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 EPS. As a group, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be issued a dividend of $0.67 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, May 23rd. Marriott International’s dividend payout ratio (DPR) is presently 30.52%.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,694 shares of company stock valued at $9,208,342 in the last ninety days. 10.68% of the stock is currently owned by corporate insiders.

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.