First Manhattan CO. LLC. Has $153.46 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

First Manhattan CO. LLC. decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 550,141 shares of the company's stock after selling 4,024 shares during the period. First Manhattan CO. LLC. owned approximately 0.20% of Marriott International worth $153,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC lifted its stake in Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after acquiring an additional 56,978 shares during the period. Geode Capital Management LLC lifted its stake in Marriott International by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after acquiring an additional 60,458 shares during the period. Capital International Investors lifted its stake in Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company's stock worth $1,316,682,000 after acquiring an additional 15,923 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after buying an additional 1,570,144 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after buying an additional 512,963 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 12,642 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. The trade was a 18.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 in the last three months. Corporate insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Truist Financial cut their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a report on Friday, March 21st. UBS Group upped their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. BMO Capital Markets upped their price objective on shares of Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a report on Wednesday. Finally, Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $272.75.

Marriott International Trading Down 0.5%

MAR traded down $1.33 during midday trading on Friday, hitting $257.97. The company's stock had a trading volume of 1,489,028 shares, compared to its average volume of 1,602,182. The firm has a market cap of $70.66 billion, a P/E ratio of 31.01, a PEG ratio of 3.42 and a beta of 1.39. The firm has a 50-day moving average price of $237.89 and a two-hundred day moving average price of $266.44. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. On average, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's payout ratio is 28.70%.

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.