Marriott International, Inc. (NASDAQ:MAR) Position Trimmed by TIAA Trust National Association

TIAA Trust National Association decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,666 shares of the company’s stock after selling 379 shares during the period. TIAA Trust National Association’s holdings in Marriott International were worth $1,503,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Caprock Group LLC grew its position in shares of Marriott International by 255.1% during the fourth quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after acquiring an additional 8,463 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Marriott International by 245.9% during the fourth quarter. Nordea Investment Management AB now owns 164,045 shares of the company’s stock worth $36,904,000 after acquiring an additional 116,615 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in Marriott International in the 2nd quarter valued at about $7,601,000. Mercer Global Advisors Inc. ADV grew its position in Marriott International by 1.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 30,612 shares of the company’s stock valued at $6,017,000 after buying an additional 544 shares in the last quarter. Finally, Motco grew its position in Marriott International by 108.3% in the 3rd quarter. Motco now owns 656 shares of the company’s stock valued at $129,000 after buying an additional 341 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MAR shares. Argus increased their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Robert W. Baird decreased their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. UBS Group upped their price target on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Barclays upped their price target on shares of Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Finally, Truist Financial upped their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $236.81.

Insider Buying and Selling at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now owns 24,478 shares in the company, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock valued at $30,435,493 in the last quarter. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $250.59 on Thursday. The firm’s 50 day moving average price is $247.06 and its two-hundred day moving average price is $221.02. The firm has a market cap of $72.41 billion, a PE ratio of 24.59, a P/E/G ratio of 1.80 and a beta of 1.62. Marriott International, Inc. has a twelve month low of $161.01 and a twelve month high of $256.53.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. The company had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Equities analysts anticipate that Marriott International, Inc. will post 9.47 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is currently 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.