Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,024,187 shares of the company’s stock after acquiring an additional 46,563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.37% of Marriott International worth $254,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MAR. Larson Financial Group LLC increased its position in Marriott International by 10.8% during the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after purchasing an additional 37 shares during the period. Harbor Capital Advisors Inc. raised its position in Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after acquiring an additional 38 shares in the last quarter. Haverford Trust Co lifted its holdings in Marriott International by 1.0% in the third quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after acquiring an additional 40 shares during the period. Rockland Trust Co. grew its stake in shares of Marriott International by 2.3% during the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after purchasing an additional 46 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction 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 directly owns 23,077 shares of the company’s stock, valued at approximately $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 sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research analyst reports. TD Cowen dropped their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Bank of America raised their price target on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Finally, UBS Group cut their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Fourteen equities research 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 an average target price of $260.20.

Marriott International Stock Up 1.2 %

Shares of NASDAQ MAR opened at $289.09 on Friday. The stock has a market capitalization of $80.34 billion, a PE ratio of 30.24, a P/E/G ratio of 5.62 and a beta of 1.58. The firm has a fifty day moving average of $266.70 and a 200-day moving average of $245.07. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $290.43.

Marriott International (NASDAQ:MAR) last released 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 negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the business earned $2.11 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. Marriott International’s payout ratio is 26.36%.

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.