Thrivent Financial for Lutherans Sells 249 Shares of Marriott International, Inc. (NASDAQ:MAR)

Thrivent Financial for Lutherans decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,030 shares of the company’s stock after selling 249 shares during the period. Thrivent Financial for Lutherans’ holdings in Marriott International were worth $1,791,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MAR. American Century Companies Inc. increased its position in Marriott International by 2.4% during the 1st quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock worth $2,450,000 after buying an additional 330 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Marriott International by 5.8% during the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock worth $605,000 after purchasing an additional 189 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Marriott International by 13.3% during the 1st quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock worth $682,000 after purchasing an additional 455 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Marriott International by 12.1% during the 1st quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock worth $7,708,000 after purchasing an additional 4,685 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its holdings in shares of Marriott International by 64.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock worth $4,816,000 after purchasing an additional 10,790 shares in the last quarter. Institutional investors own 58.97% of the company’s stock.

Marriott International Trading Down 1.4 %

Shares of MAR stock opened at $178.43 on Friday. The company has a market cap of $54.13 billion, a P/E ratio of 20.87, a PEG ratio of 1.36 and a beta of 1.57. The stock has a 50 day simple moving average of $168.36 and a two-hundred day simple moving average of $164.59. The company has a debt-to-equity ratio of 73.56, a quick ratio of 0.47 and a current ratio of 0.47. Marriott International, Inc. has a fifty-two week low of $131.01 and a fifty-two week high of $183.27.

Marriott International (NASDAQ:MAR – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. Marriott International had a return on equity of 272.54% and a net margin of 12.34%. The firm had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. Research analysts forecast that Marriott International, Inc. will post 8.41 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, May 26th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, May 25th. This is a boost from Marriott International’s previous quarterly dividend of $0.40. Marriott International’s dividend payout ratio (DPR) is 18.71%.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $163.06, for a total value of $101,912.50. Following the completion of the sale, the executive vice president now owns 9,079 shares of the company’s stock, valued at $1,480,421.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marriott International news, EVP Drew Pinto sold 700 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $176.75, for a total value of $123,725.00. Following the transaction, the executive vice president now owns 4,734 shares of the company’s stock, valued at $836,734.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 625 shares of the business’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $163.06, for a total value of $101,912.50. Following the completion of the transaction, the executive vice president now directly owns 9,079 shares in the company, valued at approximately $1,480,421.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,984 shares of company stock valued at $4,557,049. Company insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of several analyst reports. Credit Suisse Group increased their target price on Marriott International from $185.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, February 16th. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and set a $204.00 price objective on the stock in a research note on Wednesday, May 3rd. Truist Financial raised their price objective on Marriott International from $185.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, February 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Marriott International from $168.00 to $177.00 in a research note on Wednesday, May 3rd. Finally, BMO Capital Markets raised their price objective on Marriott International from $163.00 to $183.00 and gave the company a “market perform” rating in a research note on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $184.00.

About Marriott International

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Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.