State of Tennessee Department of Treasury Acquires 1,318 Shares of Marriott International, Inc. (NASDAQ:MAR)

State of Tennessee Department of Treasury boosted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,063 shares of the company's stock after acquiring an additional 1,318 shares during the period. State of Tennessee Department of Treasury's holdings in Marriott International were worth $29,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invst LLC lifted its stake in shares of Marriott International by 3.1% in the 3rd quarter. Invst LLC now owns 8,258 shares of the company's stock worth $2,053,000 after acquiring an additional 252 shares during the period. Diamant Asset Management Inc. acquired a new position in shares of Marriott International in the 3rd quarter worth $373,000. Wilmington Savings Fund Society FSB purchased a new position in Marriott International in the 3rd quarter worth about $1,260,000. Optimist Retirement Group LLC raised its holdings in shares of Marriott International by 7.7% during the third quarter. Optimist Retirement Group LLC now owns 894 shares of the company's stock valued at $222,000 after acquiring an additional 64 shares during the period. Finally, Tidal Investments LLC raised its stake in Marriott International by 86.8% during the 3rd quarter. Tidal Investments LLC now owns 16,375 shares of the company's stock valued at $4,071,000 after purchasing an additional 7,607 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

Shares of MAR traded down $0.06 during midday trading on Friday, hitting $236.20. The stock had a trading volume of 1,989,799 shares, compared to its average volume of 1,578,669. The firm has a market cap of $65.18 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The company has a 50 day simple moving average of $244.16 and a two-hundred day simple moving average of $267.46. 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 released its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.07%. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Insider Buying and Selling at Marriott International

In other Marriott International news, 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 directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. 10.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on MAR shares. Jefferies Financial Group reduced their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. UBS Group increased their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Mizuho upped their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $245.00 target price (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Fourteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Marriott International has a consensus rating of "Hold" and an average target price of $273.10.

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, City Express by Marriott, and St.