Public Sector Pension Investment Board Grows Holdings in Marriott International, Inc. (NASDAQ:MAR)

Public Sector Pension Investment Board lifted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,944 shares of the company’s stock after buying an additional 500 shares during the quarter. Public Sector Pension Investment Board’s holdings in Marriott International were worth $2,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. Canoe Financial LP purchased a new stake in shares of Marriott International in the 3rd quarter worth about $77,331,000. International Assets Investment Management LLC boosted its stake in Marriott International by 15,148.3% in the 3rd 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 boosted its stake in Marriott International by 36,856.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after purchasing an additional 240,674 shares in the last quarter. AXA S.A. boosted its stake in Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after purchasing an additional 126,323 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after purchasing an additional 116,477 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock worth $3,919,739 over the last quarter. Insiders own 10.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MAR shares. Truist Financial upped their price target on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday. Stifel Nicolaus upped 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, November 26th. Wells Fargo & Company upped their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Mizuho upped their target price on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Barclays upped their target price on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $261.35.

Marriott International Trading Up 1.6 %

NASDAQ MAR opened at $289.63 on Thursday. Marriott International, Inc. has a 12 month low of $202.24 and a 12 month high of $290.43. The stock has a market cap of $80.49 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 5.63 and a beta of 1.58. The company’s 50 day moving average is $269.22 and its two-hundred day moving average is $246.17.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 EPS. Marriott International’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 21st. Marriott International’s payout ratio is currently 26.36%.

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.