ING Groep NV Has $15.92 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

ING Groep NV grew its stake in Marriott International, Inc. (NASDAQ:MARFree Report) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 70,581 shares of the company’s stock after buying an additional 3,496 shares during the period. ING Groep NV’s holdings in Marriott International were worth $15,917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MAR. Manchester Capital Management LLC lifted its stake in Marriott International by 2.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after buying an additional 42 shares during the period. Grove Bank & Trust increased its stake in shares of Marriott International by 3.4% in the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after acquiring an additional 43 shares during the last quarter. Argus Investors Counsel Inc. boosted its stake in Marriott International by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after acquiring an additional 45 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Marriott International by 2.8% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock valued at $377,000 after purchasing an additional 45 shares during the period. Finally, LGL Partners LLC raised its holdings in Marriott International by 1.9% in the fourth quarter. LGL Partners LLC now owns 2,630 shares of the company’s stock worth $593,000 after purchasing an additional 50 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MAR shares. Barclays upped their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. UBS Group increased their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Wells Fargo & Company cut their price objective on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, BMO Capital Markets lifted their price target on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus price target of $241.33.

Check Out Our Latest Analysis on MAR

Insider Activity

In other Marriott International news, EVP Drew Pinto sold 1,404 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $242.87, for a total transaction of $340,989.48. Following the completion of the sale, the executive vice president now owns 5,996 shares of the company’s stock, valued at approximately $1,456,248.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Marriott International news, EVP Drew Pinto sold 1,404 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $242.87, for a total transaction of $340,989.48. Following the completion of the sale, the executive vice president now directly owns 5,996 shares in the company, valued at $1,456,248.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the transaction, the insider now directly owns 24,478 shares in the company, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,540 shares of company stock valued at $19,955,286. 12.32% of the stock is owned by company insiders.

Marriott International Trading Down 0.5 %

Shares of Marriott International stock traded down $1.23 during trading hours on Friday, reaching $237.73. 1,217,046 shares of the company’s stock were exchanged, compared to its average volume of 1,432,705. The company has a 50 day moving average of $245.11 and a two-hundred day moving average of $231.98. The stock has a market cap of $67.90 billion, a P/E ratio of 24.53, a P/E/G ratio of 4.51 and a beta of 1.61. Marriott International, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $260.57.

Marriott International (NASDAQ:MARGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 earnings per share. As a group, analysts expect that Marriott International, Inc. will post 9.53 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is 21.47%.

About Marriott International

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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