Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 33.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,935 shares of the company’s stock after selling 974 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Marriott International were worth $540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAR. Alberta Investment Management Corp acquired a new position in Marriott International in the 4th quarter valued at about $9,969,000. Bank of Jackson Hole Trust acquired a new position in Marriott International in the 4th quarter valued at about $835,000. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Marriott International by 15.0% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,956 shares of the company’s stock valued at $2,219,000 after purchasing an additional 1,038 shares during the last quarter. Proactive Wealth Strategies LLC boosted its holdings in Marriott International by 2.3% in the 4th quarter. Proactive Wealth Strategies LLC now owns 2,452 shares of the company’s stock valued at $684,000 after purchasing an additional 55 shares during the last quarter. Finally, Key Financial Inc boosted its holdings in Marriott International by 11.3% in the 4th quarter. Key Financial Inc now owns 1,818 shares of the company’s stock valued at $507,000 after purchasing an additional 184 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Down 3.4 %

Shares of NASDAQ:MAR opened at $277.47 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company’s 50 day moving average is $283.73 and its two-hundred day moving average is $264.75. The company has a market cap of $76.50 billion, a PE ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MAR shares. Argus boosted their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. UBS Group boosted their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $284.05.

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, City Express by Marriott, and St.