Marriott International, Inc. (NASDAQ:MAR) Stake Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,042 shares of the company’s stock after selling 1,823 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Marriott International were worth $13,680,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. NewEdge Wealth LLC boosted its position in shares of Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock worth $1,212,000 after buying an additional 1,112 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Marriott International during the third quarter worth approximately $2,721,000. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International during the fourth quarter worth approximately $2,990,000. Markel Group Inc. lifted its position in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock worth $13,110,000 after purchasing an additional 11,000 shares during the period. Finally, Covea Finance lifted its position in Marriott International by 69.9% in the fourth quarter. Covea Finance now owns 60,540 shares of the company’s stock worth $16,887,000 after purchasing an additional 24,900 shares during the period. 70.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. UBS Group upped their target price on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Mizuho upped their target price on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $286.45.

Insider Transactions at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by insiders.

Marriott International Stock Down 1.1 %

Shares of NASDAQ:MAR opened at $244.84 on Friday. The company’s fifty day moving average is $276.20 and its two-hundred day moving average is $269.79. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market cap of $67.50 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

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.