Robeco Institutional Asset Management B.V. increased its position in Marriott International Inc (NASDAQ:MAR) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,319 shares of the company’s stock after buying an additional 582 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Marriott International were worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its stake in Marriott International by 9.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,105,856 shares of the company’s stock worth $1,008,125,000 after acquiring an additional 698,009 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Marriott International by 809.8% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 493,626 shares of the company’s stock worth $61,392,000 after purchasing an additional 439,370 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Marriott International in the 3rd quarter worth approximately $33,043,000. USS Investment Management Ltd lifted its holdings in shares of Marriott International by 24.8% in the 3rd quarter. USS Investment Management Ltd now owns 1,201,957 shares of the company’s stock worth $149,499,000 after purchasing an additional 238,734 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. acquired a new position in Marriott International during the 3rd quarter valued at approximately $15,061,000. Hedge funds and other institutional investors own 60.91% of the company’s stock.
A number of research firms have recently weighed in on MAR. Morgan Stanley raised their price target on Marriott International from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating and set a $152.00 price objective on the stock in a report on Friday, December 13th. BMO Capital Markets restated a “hold” rating and issued a $128.00 target price on shares of Marriott International in a research report on Wednesday, November 6th. Raymond James lowered Marriott International from an “outperform” rating to a “market perform” rating and set a $145.00 target price for the company. in a research note on Tuesday, January 7th. Finally, Nomura increased their price target on shares of Marriott International from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $140.33.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is currently 30.92%.
In other Marriott International news, Director Argiris Kyriakidis sold 2,100 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $137.75, for a total value of $289,275.00. Following the completion of the sale, the director now owns 12,008 shares in the company, valued at $1,654,102. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William P. Brown sold 3,732 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $139.26, for a total value of $519,718.32. Following the completion of the transaction, the insider now directly owns 2,814 shares in the company, valued at approximately $391,877.64. The disclosure for this sale can be found here. Insiders have sold a total of 118,162 shares of company stock valued at $17,045,311 in the last ninety days. Insiders own 12.60% of the company’s stock.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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