Crossmark Global Holdings Inc. Has $7.19 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Crossmark Global Holdings Inc. lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,786 shares of the company’s stock after acquiring an additional 614 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Marriott International were worth $7,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MAR. Intech Investment Management LLC lifted its stake in shares of Marriott International by 10.7% in the 2nd quarter. Intech Investment Management LLC now owns 7,980 shares of the company’s stock valued at $1,929,000 after purchasing an additional 770 shares during the period. Public Sector Pension Investment Board lifted its stake in Marriott International by 63.7% in the second quarter. Public Sector Pension Investment Board now owns 8,444 shares of the company’s stock valued at $2,042,000 after buying an additional 3,287 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Marriott International by 3.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,556 shares of the company’s stock worth $618,000 after buying an additional 97 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Marriott International by 57.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 47,130 shares of the company’s stock valued at $11,395,000 after acquiring an additional 17,231 shares in the last quarter. Finally, AXA S.A. lifted its position in shares of Marriott International by 133.4% during the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after acquiring an additional 126,323 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 over the last three months. Company insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MAR shares. Truist Financial upped their price objective on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Evercore ISI upped their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. BMO Capital Markets increased their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group upped their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $272.15.

Marriott International Stock Up 0.2 %

Shares of NASDAQ MAR opened at $277.72 on Wednesday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $295.45. The firm has a market capitalization of $77.18 billion, a P/E ratio of 29.05, a P/E/G ratio of 4.59 and a beta of 1.57. The stock’s 50-day simple moving average is $282.36 and its two-hundred day simple moving average is $256.39.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. As a group, research analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 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.