State of New Jersey Common Pension Fund D Reduces Stock Position in Marriott International, Inc. (NASDAQ:MAR)

State of New Jersey Common Pension Fund D decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 88,347 shares of the company’s stock after selling 288 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Marriott International were worth $21,963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC boosted its position in shares of Marriott International by 7.9% in the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after acquiring an additional 47 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Marriott International by 17.5% in the 1st quarter. Atomi Financial Group Inc. now owns 1,900 shares of the company’s stock worth $480,000 after buying an additional 283 shares during the period. Meeder Advisory Services Inc. grew its position in Marriott International by 3.5% during the first quarter. Meeder Advisory Services Inc. now owns 4,810 shares of the company’s stock valued at $1,214,000 after acquiring an additional 161 shares during the period. Verus Capital Partners LLC raised its holdings in shares of Marriott International by 17.5% in the 1st quarter. Verus Capital Partners LLC now owns 2,155 shares of the company’s stock worth $544,000 after purchasing an additional 321 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Marriott International by 4.6% in the 1st quarter. QRG Capital Management Inc. now owns 26,396 shares of the company’s stock valued at $6,660,000 after purchasing an additional 1,155 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company upped their price target on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. TD Cowen lowered their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $259.00.

Marriott International Trading Up 1.1 %

NASDAQ MAR traded up $3.12 on Friday, hitting $280.80. 1,516,591 shares of the stock traded hands, compared to its average volume of 1,263,577. The company has a market capitalization of $78.03 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 6.05 and a beta of 1.58. The stock has a 50-day moving average of $251.24 and a 200 day moving average of $240.26. Marriott International, Inc. has a twelve month low of $192.27 and a twelve month high of $282.80.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS. As a group, equities research analysts expect that Marriott International, Inc. will post 9.27 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. Marriott International’s payout ratio is currently 26.36%.

Insider Activity

In other news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction 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 owns 5,609 shares of the company’s stock, valued at $1,550,776.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.32% of the company’s stock.

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.