Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Avity Investment Management Inc.

Avity Investment Management Inc. lessened its stake in Marriott International, Inc. (NASDAQ:MARFree Report) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,425 shares of the company’s stock after selling 130 shares during the period. Avity Investment Management Inc.’s holdings in Marriott International were worth $772,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after purchasing an additional 1,194,665 shares in the last quarter. Geode Capital Management LLC lifted its position in Marriott International by 1.5% in the first quarter. Geode Capital Management LLC now owns 4,969,166 shares of the company’s stock valued at $822,982,000 after acquiring an additional 74,821 shares during the last quarter. Morgan Stanley lifted its position in Marriott International by 52.7% in the fourth quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock valued at $716,346,000 after acquiring an additional 1,659,637 shares during the last quarter. Invesco Ltd. lifted its position in Marriott International by 1.8% in the third quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock valued at $537,529,000 after acquiring an additional 48,872 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Marriott International by 0.5% in the third quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock valued at $483,862,000 after acquiring an additional 12,901 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

Marriott International Stock Performance

MAR traded up $4.23 on Wednesday, hitting $254.05. 1,613,749 shares of the company were exchanged, compared to its average volume of 1,463,479. The business’s fifty day moving average is $242.53 and its 200 day moving average is $217.52. The firm has a market capitalization of $75.86 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.62. Marriott International, Inc. has a fifty-two week low of $153.56 and a fifty-two week high of $254.69.

Marriott International (NASDAQ:MARGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 earnings per share. Analysts forecast that Marriott International, Inc. will post 9.47 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd will be given a $0.52 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $2.08 annualized dividend and a dividend yield of 0.82%. Marriott International’s dividend payout ratio is presently 20.41%.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday. Truist Financial upped their target price 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. Argus upped their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird reduced their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Finally, Barclays upped their target price 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. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average target price of $235.07.

Get Our Latest Report on Marriott International

Insider Activity

In related news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $6,166,742.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now directly owns 24,478 shares in the company, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 over the last ninety days. 12.32% of the stock is currently owned by insiders.

Marriott International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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