Livforsakringsbolaget Skandia Omsesidigt Has $127,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 38.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 563 shares of the company’s stock after purchasing an additional 156 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marriott International were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MAR. Parnassus Investments LLC bought a new position in shares of Marriott International during the third quarter worth about $481,621,000. Norges Bank bought a new position in shares of Marriott International during the fourth quarter worth about $326,980,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Marriott International by 1,066.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after buying an additional 1,972,684 shares in the last quarter. Morgan Stanley boosted its position in Marriott International by 52.7% during the fourth quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock valued at $716,346,000 after purchasing an additional 1,659,637 shares during the last quarter. Finally, FMR LLC boosted its position in Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after purchasing an additional 1,194,665 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MAR. Robert W. Baird reduced their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Barclays increased their price target on Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Mizuho initiated coverage on Marriott International in a research report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price target for the company. Wells Fargo & Company raised their price objective on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets raised their price objective on Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $236.81.

Marriott International Trading Down 0.9 %

Marriott International stock opened at $236.30 on Friday. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57. The business’s 50 day simple moving average is $248.53 and its 200 day simple moving average is $225.12. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.73 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. Marriott International’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is currently 20.41%.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares in the company, valued at $18,085.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now owns 93,323 shares in the company, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock worth $30,435,493 over the last 90 days. Corporate insiders own 12.32% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.