First Hawaiian Bank Buys Shares of 757 Marriott International, Inc. (NASDAQ:MAR)

First Hawaiian Bank purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 757 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of Marriott International by 7.5% during the 2nd quarter. LPL Financial LLC now owns 172,257 shares of the company’s stock worth $41,646,000 after purchasing an additional 12,051 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of Marriott International by 2.3% during the second quarter. Johnson Investment Counsel Inc. now owns 2,488 shares of the company’s stock worth $601,000 after buying an additional 55 shares during the period. BOKF NA raised its holdings in shares of Marriott International by 32.0% in the 2nd quarter. BOKF NA now owns 4,158 shares of the company’s stock valued at $1,005,000 after buying an additional 1,007 shares during the period. Meeder Asset Management Inc. lifted its stake in Marriott International by 83.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 239 shares of the company’s stock worth $58,000 after acquiring an additional 109 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Marriott International by 1.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 81,220 shares of the company’s stock valued at $19,634,000 after acquiring an additional 1,121 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MAR shares. Mizuho raised their price objective on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Jefferies Financial Group increased their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Sanford C. Bernstein boosted their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird lifted their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $269.65.

Marriott International Stock Performance

Marriott International stock opened at $270.76 on Friday. The stock has a 50-day simple moving average of $281.99 and a 200-day simple moving average of $254.81. The company has a market capitalization of $75.24 billion, a P/E ratio of 28.32, a PEG ratio of 5.47 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the business posted $2.11 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.93%. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 in the last quarter. 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.