Parametrica Management Ltd Invests $337,000 in Marriott International, Inc. (NASDAQ:MAR)

Parametrica Management Ltd purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,207 shares of the company’s stock, valued at approximately $337,000.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Marriott International during the fourth quarter worth approximately $165,162,000. PointState Capital LP bought a new position in shares of Marriott International in the third quarter worth $98,249,000. Proficio Capital Partners LLC raised its stake in Marriott International by 36,564.5% in the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock valued at $100,636,000 after purchasing an additional 359,795 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after buying an additional 294,898 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Marriott International by 35,705.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company’s stock valued at $71,681,000 after buying an additional 241,011 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Up 1.5 %

MAR stock opened at $246.48 on Wednesday. The company’s fifty day simple moving average is $274.34 and its 200 day simple moving average is $270.60. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market cap of $67.95 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on MAR shares. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Barclays lowered their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Susquehanna lifted their target price on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. UBS Group upped their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Truist Financial dropped their price target on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $286.05.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

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.