New Mexico Educational Retirement Board Has $3.11 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

New Mexico Educational Retirement Board decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,161 shares of the company’s stock after selling 600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Marriott International were worth $3,113,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC increased its position in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of Marriott International during the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International during the 3rd quarter worth approximately $33,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International during the 4th quarter worth approximately $33,000. Finally, ORG Partners LLC increased its holdings in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s 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 represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 12.32% of the company’s stock.

Marriott International Stock Down 1.6 %

Shares of MAR stock opened at $283.52 on Friday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The company has a market cap of $78.79 billion, a P/E ratio of 29.66, a P/E/G ratio of 4.88 and a beta of 1.57. The business has a fifty day simple moving average of $284.12 and a 200 day simple moving average of $262.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. As a group, equities research analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is currently 26.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial boosted their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Barclays reduced their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group boosted their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Thirteen research analysts have rated the stock with 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 a consensus rating of “Hold” and a consensus target price of $284.45.

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.