MetLife Investment Management LLC Has $15.09 Million Position in Marriott International, Inc. (NASDAQ:MAR)

MetLife Investment Management LLC cut its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,684 shares of the company’s stock after selling 3,219 shares during the quarter. MetLife Investment Management LLC’s holdings in Marriott International were worth $15,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Canoe Financial LP bought a new stake in Marriott International in the third quarter worth approximately $77,331,000. International Assets Investment Management LLC boosted its holdings in Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after purchasing an additional 300,543 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Marriott International by 36,856.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after buying an additional 240,674 shares during the last quarter. AXA S.A. lifted its position in shares of Marriott International by 133.4% in the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after buying an additional 126,323 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after acquiring an additional 116,477 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MAR shares. Wells Fargo & Company boosted their target price on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday. Truist Financial cut their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, Robert W. Baird lifted their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $260.20.

Marriott International Stock Performance

Shares of MAR stock opened at $285.60 on Thursday. The firm has a fifty day moving average of $264.98 and a 200-day moving average of $244.43. The stock has a market cap of $79.37 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 5.67 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $289.80.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the company earned $2.11 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International’s dividend payout ratio is currently 26.36%.

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.