Marriott International, Inc. (NASDAQ:MAR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,645 shares of the company’s stock after selling 23,642 shares during the quarter. California Public Employees Retirement System owned about 0.13% of Marriott International worth $101,435,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAR. Townsquare Capital LLC raised its stake in shares of Marriott International by 22.3% during the 3rd quarter. Townsquare Capital LLC now owns 7,393 shares of the company’s stock valued at $1,838,000 after buying an additional 1,349 shares during the last quarter. CreativeOne Wealth LLC raised its position in Marriott International by 7.5% during the third quarter. CreativeOne Wealth LLC now owns 1,772 shares of the company’s stock valued at $441,000 after acquiring an additional 123 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Marriott International by 5.9% in the third quarter. Public Sector Pension Investment Board now owns 8,944 shares of the company’s stock valued at $2,223,000 after acquiring an additional 500 shares during the period. Edgestream Partners L.P. grew its stake in shares of Marriott International by 18.8% during the 3rd quarter. Edgestream Partners L.P. now owns 6,141 shares of the company’s stock worth $1,527,000 after purchasing an additional 970 shares during the period. Finally, Aureus Asset Management LLC increased its holdings in shares of Marriott International by 20.9% during the 3rd quarter. Aureus Asset Management LLC now owns 24,582 shares of the company’s stock valued at $6,111,000 after purchasing an additional 4,247 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAR. Truist Financial cut their price objective on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. upped their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. UBS Group increased their target price on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Susquehanna upped their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $286.05.

Marriott International Stock Performance

Shares of Marriott International stock opened at $238.20 on Tuesday. The business’s 50 day moving average price is $271.54 and its 200 day moving average price is $270.98. The company has a market cap of $65.67 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, February 27th. Marriott International’s payout ratio is presently 30.29%.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,694 shares of company stock worth $8,938,132. Company 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.