TIAA Trust National Association Sells 379 Shares of Marriott International, Inc. (NASDAQ:MAR)

TIAA Trust National Association cut its stake in Marriott International, Inc. (NASDAQ:MARFree Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,666 shares of the company’s stock after selling 379 shares during the quarter. TIAA Trust National Association’s holdings in Marriott International were worth $1,503,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Drive Wealth Management LLC raised its position in shares of Marriott International by 2.5% in the fourth quarter. Drive Wealth Management LLC now owns 2,383 shares of the company’s stock valued at $537,000 after purchasing an additional 59 shares during the period. Alta Capital Management LLC bought a new position in Marriott International during the fourth quarter worth about $229,000. JB Capital LLC bought a new position in Marriott International during the fourth quarter worth about $611,000. Pallas Capital Advisors LLC bought a new position in Marriott International during the fourth quarter worth about $4,333,000. Finally, PFG Private Wealth Management LLC increased its position in Marriott International by 256.7% during the fourth quarter. PFG Private Wealth Management LLC now owns 692 shares of the company’s stock worth $156,000 after acquiring an additional 498 shares during the period. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Mizuho began coverage on shares of Marriott International in a research report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price target on the stock. UBS Group increased their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Robert W. Baird reduced their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, Truist Financial increased their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $236.81.

View Our Latest Stock Analysis on MAR

Marriott International Trading Up 1.2 %

MAR opened at $250.59 on Thursday. The company’s 50 day moving average is $247.06 and its 200-day moving average is $221.02. Marriott International, Inc. has a 1-year low of $161.01 and a 1-year high of $256.53. The company has a market cap of $72.41 billion, a P/E ratio of 24.59, a PEG ratio of 1.80 and a beta of 1.62.

Marriott International (NASDAQ:MARGet Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $1.96 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Marriott International, Inc. will post 9.47 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.83%. Marriott International’s dividend payout ratio is presently 20.41%.

Insider Buying and Selling

In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the transaction, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now owns 72 shares of the company’s stock, valued at approximately $18,085.68. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock worth $30,435,493 in the last ninety days. Company insiders own 12.32% of the company’s stock.

Marriott International Company Profile

(Free Report)

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

See Also

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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