Marriott International, Inc. (NASDAQ:MAR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 295,192 shares of the company's stock after selling 32,231 shares during the period. New York State Common Retirement Fund owned 0.10% of Marriott International worth $66,569,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its position in shares of Marriott International by 3.4% during the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company's stock worth $295,000 after buying an additional 43 shares during the period. Argus Investors Counsel Inc. boosted its position in shares of Marriott International by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company's stock worth $1,743,000 after buying an additional 45 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Marriott International by 2.8% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company's stock valued at $377,000 after acquiring an additional 45 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Marriott International by 0.9% in the third quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company's stock valued at $1,177,000 after acquiring an additional 52 shares in the last quarter. Finally, ORG Partners LLC raised its stake in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company's stock valued at $29,000 after acquiring an additional 53 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares of the company's stock, valued at approximately $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares of the company's stock, valued at approximately $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the sale, the insider now directly owns 24,478 shares in the company, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 over the last quarter. 10.07% of the stock is currently owned by insiders.

Marriott International Trading Up 1.8 %

Shares of NASDAQ MAR traded up $4.37 during midday trading on Wednesday, reaching $244.06. 2,300,880 shares of the company were exchanged, compared to its average volume of 1,453,199. Marriott International, Inc. has a 1 year low of $162.77 and a 1 year high of $260.57. The stock has a fifty day simple moving average of $248.18 and a 200 day simple moving average of $226.48. The stock has a market cap of $70.53 billion, a P/E ratio of 23.52, a PEG ratio of 1.73 and a beta of 1.62.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the company posted $1.96 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. As a group, analysts forecast that Marriott International, Inc. will post 9.46 earnings per share 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, February 21st. Marriott International's dividend payout ratio is currently 20.41%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. UBS Group increased their price objective on Marriott International from $210.00 to $259.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Barclays increased their price objective on Marriott International from $239.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, April 19th. Jefferies Financial Group raised their price target on Marriott International from $205.00 to $227.00 and gave the company a "hold" rating in a research note on Tuesday, January 2nd. Truist Financial raised 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. Finally, BMO Capital Markets raised their price target on Marriott International from $230.00 to $235.00 and gave the company a "market perform" rating in a research note on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $236.69.

About Marriott International

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.