Marriott International, Inc. (NASDAQ:MAR) Position Decreased by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 283,697 shares of the company’s stock after selling 50,330 shares during the quarter. California State Teachers Retirement System owned 0.10% of Marriott International worth $79,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northern Trust Corp increased its holdings in shares of Marriott International by 16.3% during the 4th quarter. Northern Trust Corp now owns 2,333,994 shares of the company’s stock valued at $651,044,000 after acquiring an additional 327,415 shares during the last quarter. Optiver Holding B.V. bought a new stake in Marriott International during the 4th quarter valued at approximately $90,000. Quarry LP grew its stake in shares of Marriott International by 693.6% in the fourth quarter. Quarry LP now owns 746 shares of the company’s stock worth $208,000 after acquiring an additional 652 shares during the last quarter. Shorepoint Capital Partners LLC raised its position in shares of Marriott International by 2.0% during the fourth quarter. Shorepoint Capital Partners LLC now owns 8,737 shares of the company’s stock valued at $2,437,000 after buying an additional 168 shares during the last quarter. Finally, Oxford Asset Management LLP acquired a new position in Marriott International in the 4th quarter valued at approximately $596,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.3 %

Shares of NASDAQ MAR opened at $236.93 on Tuesday. The firm has a market cap of $65.38 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company’s 50-day simple moving average is $243.15 and its 200-day simple moving average is $267.28.

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

Marriott International Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial decreased their price target on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group cut their price objective on shares of Marriott International from $295.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Mizuho lifted their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group restated a “neutral” rating and set a $245.00 target price (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Finally, Melius Research raised shares of Marriott International to a “strong-buy” rating in a report on Monday, April 21st. Fourteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average target price of $273.10.

Insider Buying and Selling at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated 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 of the company’s stock, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last 90 days. Company insiders own 10.68% of the company’s stock.

Marriott International 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.