California State Teachers Retirement System reduced its stake in Marriott International Inc (NASDAQ:MAR) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 507,390 shares of the company’s stock after selling 25,471 shares during the period. California State Teachers Retirement System owned 0.14% of Marriott International worth $68,868,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Valeo Financial Advisors LLC increased its position in shares of Marriott International by 367.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after acquiring an additional 580 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Marriott International during the fourth quarter worth about $128,000. Grove Bank & Trust increased its position in shares of Marriott International by 214.8% during the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after acquiring an additional 840 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Marriott International by 66.2% during the third quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock worth $163,000 after acquiring an additional 590 shares in the last quarter. Finally, KCS Wealth Advisory bought a new stake in shares of Marriott International during the fourth quarter worth about $201,000. 65.60% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Marriott International to $159.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Barclays boosted their target price on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. Susquehanna Bancshares reissued a “positive” rating and set a $161.00 target price (up from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Morgan Stanley reaffirmed a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $132.00 price objective on shares of Marriott International in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.38.
Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.12. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. equities research analysts anticipate that Marriott International Inc will post 5.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, February 22nd. Marriott International’s payout ratio is 25.48%.
In other Marriott International news, insider David A. Rodriguez sold 7,600 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $133.09, for a total value of $1,011,484.00. Following the transaction, the insider now directly owns 13,624 shares in the company, valued at $1,813,218.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Blake Marriott sold 1,000 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $143.83, for a total transaction of $143,830.00. Following the completion of the transaction, the insider now owns 144,601 shares in the company, valued at $20,797,961.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,790 shares of company stock worth $16,626,811. Corporate insiders own 11.32% of the company’s stock.
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Marriott International Profile
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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