LRT Capital Management LLC Lowers Stock Position in Marriott International, Inc. (NASDAQ:MAR)

LRT Capital Management LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 61.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,430 shares of the company's stock after selling 5,365 shares during the quarter. LRT Capital Management LLC's holdings in Marriott International were worth $773,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MAR. American Century Companies Inc. lifted its stake in Marriott International by 2.4% in the 1st quarter. American Century Companies Inc. now owns 13,938 shares of the company's stock valued at $2,450,000 after purchasing an additional 330 shares during the last quarter. Raymond James Trust N.A. increased its holdings in Marriott International by 5.8% in the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company's stock worth $605,000 after purchasing an additional 189 shares in the last quarter. Synovus Financial Corp raised its position in Marriott International by 13.3% in the first quarter. Synovus Financial Corp now owns 3,873 shares of the company's stock valued at $682,000 after purchasing an additional 455 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Marriott International by 12.1% during the first quarter. Sei Investments Co. now owns 43,563 shares of the company's stock worth $7,708,000 after purchasing an additional 4,685 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its holdings in Marriott International by 64.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company's stock worth $4,816,000 after acquiring an additional 10,790 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 20,000 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MAR shares. BMO Capital Markets raised their target price on Marriott International from $230.00 to $235.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 14th. Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Truist Financial increased their price target on Marriott International from $233.00 to $263.00 and gave the company a "hold" rating in a research note on Wednesday, February 14th. Robert W. Baird decreased their price target on Marriott International from $250.00 to $248.00 and set a "neutral" rating for the company in a research note on Wednesday, February 14th. Finally, Barclays upped their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International currently has an average rating of "Hold" and an average price target of $236.88.

Marriott International Trading Down 0.1 %

Shares of MAR traded down $0.30 during trading hours on Friday, reaching $236.00. The stock had a trading volume of 1,842,310 shares, compared to its average volume of 1,319,787. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57. The company has a market capitalization of $68.20 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.72 and a beta of 1.62. The firm has a 50-day simple moving average of $248.31 and a 200 day simple moving average of $225.87.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The firm's revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.88%. Marriott International's dividend payout ratio (DPR) is currently 20.41%.

Marriott International 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.