Janus Henderson Group PLC Sells 143,813 Shares of Marriott International, Inc. (NASDAQ:MAR)

Janus Henderson Group PLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 23.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 469,239 shares of the company's stock after selling 143,813 shares during the period. Janus Henderson Group PLC owned 0.17% of Marriott International worth $130,901,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MAR. Straightline Group LLC purchased a new stake in shares of Marriott International during the 4th quarter worth $495,000. NewEdge Wealth LLC grew its holdings in shares of Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after acquiring an additional 1,112 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Marriott International during the fourth quarter worth $2,990,000. Markel Group Inc. grew its holdings in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Covea Finance grew its stake in Marriott International by 69.9% in the 4th quarter. Covea Finance now owns 60,540 shares of the company's stock valued at $16,887,000 after acquiring an additional 24,900 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In related news, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the transaction, the executive vice president now owns 20,724 shares in the company, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,694 shares of company stock valued at $9,208,342 in the last three months. 10.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MAR shares. Susquehanna lifted their price objective on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group restated a "neutral" rating and set a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Melius Research upgraded Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and upped their price objective for the company from $226.00 to $303.00 in a research note on Monday. Finally, Truist Financial cut their price target on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $276.60.

Marriott International Stock Performance

Shares of MAR stock traded up $1.76 during mid-day trading on Friday, hitting $273.23. 1,235,005 shares of the stock traded hands, compared to its average volume of 1,603,430. The firm has a market cap of $74.84 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. The company's 50-day simple moving average is $238.62 and its 200-day simple moving average is $266.67. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

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

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is 30.52%.

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.