Massachusetts Financial Services Co. MA Has $1.48 Billion Stake in Marriott International, Inc. (NASDAQ:MAR)

Massachusetts Financial Services Co. MA cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,579,905 shares of the company's stock after selling 192,212 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.24% of Marriott International worth $1,483,834,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Marriott International in the 3rd quarter worth approximately $25,000. ORG Partners LLC grew its position in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company's stock valued at $29,000 after purchasing an additional 53 shares in the last quarter. Keener Financial Planning LLC bought a new position in Marriott International in the 4th quarter worth about $30,000. Anchor Investment Management LLC purchased a new stake in Marriott International in the fourth quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Marriott International in the fourth quarter worth $33,000. Institutional investors own 70.70% of the company's stock.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,563 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the firm's stock in a transaction 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 directly owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,563 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares of the company's stock, valued at $8,841,063.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is currently owned by insiders.

Marriott International Price Performance

NASDAQ:MAR traded up $2.92 during mid-day trading on Friday, hitting $240.46. The company's stock had a trading volume of 1,145,266 shares, compared to its average volume of 1,512,211. The business's fifty day moving average is $246.18 and its two-hundred day moving average is $230.24. Marriott International, Inc. has a 1 year low of $165.13 and a 1 year high of $260.57. The stock has a market cap of $68.68 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 4.55 and a beta of 1.61.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the company earned $2.09 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Analysts anticipate that Marriott International, Inc. will post 9.51 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a $0.63 dividend. This is an increase from Marriott International's previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. Marriott International's dividend payout ratio (DPR) is 21.47%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MAR shares. Robert W. Baird increased their target price on shares of Marriott International from $248.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, May 2nd. Wells Fargo & Company lowered their price target on shares of Marriott International from $250.00 to $248.00 and set an "equal weight" rating for the company in a research report on Thursday, May 2nd. Truist Financial raised their price objective on Marriott International from $233.00 to $263.00 and gave the company a "hold" rating in a research report on Wednesday, February 14th. UBS Group lifted their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Finally, Barclays lifted their price objective on Marriott International from $239.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $241.33.

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.

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