Parametrica Management Ltd Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Parametrica Management Ltd purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,207 shares of the company’s stock, valued at approximately $337,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International during the 4th quarter worth about $25,000. Bell Investment Advisors Inc raised its stake in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 55 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% in 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 in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International during the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Marriott International in the fourth quarter worth $38,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Up 1.5 %

Shares of MAR stock opened at $246.48 on Wednesday. The company has a market capitalization of $67.95 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a fifty day moving average of $274.34 and a 200-day moving average of $270.60.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Insider Activity at Marriott International

In related news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MAR has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. UBS Group increased their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Argus lifted their target price on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $286.05.

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.