Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.3% during the fourth quarter, HoldingsChannel reports. The fund owned 13,255 shares of the company’s stock after selling 601 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Marriott International were worth $3,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after acquiring an additional 46,563 shares during the period. National Pension Service raised its holdings in Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after purchasing an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after purchasing an additional 33,149 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after buying an additional 47,551 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after buying an additional 2,723 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group increased their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group boosted their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Truist Financial increased their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their target price on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $269.65.

Marriott International Trading Up 0.6 %

Shares of Marriott International stock traded up $1.53 during trading hours on Monday, reaching $272.29. The stock had a trading volume of 935,301 shares, compared to its average volume of 1,254,685. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45. The firm has a market capitalization of $75.67 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 5.47 and a beta of 1.57. The firm has a 50 day simple moving average of $281.99 and a two-hundred day simple moving average of $254.90.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. Marriott International’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is currently owned by corporate insiders.

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.