Teachers Advisors LLC trimmed its position in shares of Marriott International Inc (NASDAQ:MAR) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,273,469 shares of the company’s stock after selling 37,386 shares during the quarter. Teachers Advisors LLC owned 0.35% of Marriott International worth $172,848,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of MAR. Nationwide Fund Advisors raised its position in Marriott International by 83.3% in the 3rd quarter. Nationwide Fund Advisors now owns 356,359 shares of the company’s stock valued at $39,292,000 after buying an additional 161,993 shares during the last quarter. American Century Companies Inc. purchased a new stake in Marriott International in the 3rd quarter valued at $12,345,000. Alps Advisors Inc. purchased a new stake in Marriott International in the 3rd quarter valued at $566,000. HL Financial Services LLC raised its position in Marriott International by 2.5% in the 3rd quarter. HL Financial Services LLC now owns 17,941 shares of the company’s stock valued at $1,978,000 after buying an additional 436 shares during the last quarter. Finally, Sei Investments Co. raised its position in Marriott International by 3.3% in the 3rd quarter. Sei Investments Co. now owns 298,281 shares of the company’s stock valued at $32,888,000 after buying an additional 9,606 shares during the last quarter. 65.60% of the stock is currently owned by institutional investors.
MAR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a research note on Friday, January 19th. Stifel Nicolaus restated a “hold” rating and issued a $132.00 price objective on shares of Marriott International in a research note on Tuesday, January 9th. Sanford C. Bernstein downgraded Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Barclays upped their price objective on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. Finally, Deutsche Bank restated a “hold” rating and issued a $124.00 price objective on shares of Marriott International in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Marriott International has a consensus rating of “Buy” and a consensus price target of $122.38.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. research analysts forecast that Marriott International Inc will post 5.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 annualized dividend and a dividend yield of 0.92%. Marriott International’s payout ratio is 25.48%.
In related news, EVP Stephanie Linnartz sold 5,113 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $128.96, for a total transaction of $659,372.48. Following the sale, the executive vice president now owns 28,263 shares of the company’s stock, valued at approximately $3,644,796.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab acquired 250 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of $141.47 per share, for a total transaction of $35,367.50. The disclosure for this purchase can be found here. Insiders have sold a total of 132,547 shares of company stock valued at $18,260,368 in the last quarter. 11.32% of the stock is owned by corporate insiders.
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About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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