Land & Buildings Investment Management LLC Has $26.47 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Land & Buildings Investment Management LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,880 shares of the company’s stock after acquiring an additional 34,020 shares during the quarter. Marriott International makes up about 5.4% of Land & Buildings Investment Management LLC’s investment portfolio, making the stock its 10th largest position. Land & Buildings Investment Management LLC’s holdings in Marriott International were worth $26,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in Marriott International by 0.8% during the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock worth $1,945,299,000 after buying an additional 56,978 shares during the period. Geode Capital Management LLC raised its stake in Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after buying an additional 60,458 shares during the period. Capital International Investors raised its stake in Marriott International by 0.3% during the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock worth $1,316,682,000 after buying an additional 15,923 shares during the period. Wellington Management Group LLP raised its stake in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after buying an additional 1,570,144 shares during the period. Finally, Invesco Ltd. raised its stake in Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after buying an additional 512,963 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William P. Brown sold 12,642 shares of the firm’s 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 sale, the insider now owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This trade represents a 29.02% 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 worth $8,938,132. Company insiders own 10.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird lifted their price target on Marriott International from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Susquehanna lifted their price target on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $245.00 price target (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Argus lifted their price target 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, Stifel Nicolaus dropped their price target on Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. Fourteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $272.75.

Marriott International Stock Performance

Shares of MAR stock opened at $257.97 on Monday. The company has a market capitalization of $70.66 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The business’s fifty day moving average is $237.89 and its 200 day moving average is $266.44.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.07. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Marriott International’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. On average, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. Marriott International’s dividend payout ratio is currently 28.70%.

Marriott International Company Profile

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.