Redwood Investment Management LLC Has $1.77 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Redwood Investment Management LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 72.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,338 shares of the company’s stock after selling 17,054 shares during the quarter. Redwood Investment Management LLC’s holdings in Marriott International were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC boosted its stake in Marriott International by 16.9% during the fourth quarter. ProShare Advisors LLC now owns 349,503 shares of the company’s stock worth $97,490,000 after buying an additional 50,486 shares in the last quarter. Quantinno Capital Management LP grew its position in Marriott International by 32.5% during the 4th quarter. Quantinno Capital Management LP now owns 39,076 shares of the company’s stock worth $10,900,000 after acquiring an additional 9,578 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at $950,000. Nissay Asset Management Corp Japan ADV raised its stake in shares of Marriott International by 2.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 57,513 shares of the company’s stock worth $16,314,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in Marriott International by 44.0% during the 4th quarter. Nomura Holdings Inc. now owns 19,938 shares of the company’s stock worth $5,562,000 after buying an additional 6,095 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This represents a 12.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president now directly owns 20,724 shares in the company, valued at $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,694 shares of company stock worth $9,208,342 in the last 90 days. 10.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MAR shares. Mizuho cut their price objective on shares of Marriott International from $293.00 to $285.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Truist Financial reduced 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. Barclays cut their target price on Marriott International from $283.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Argus boosted their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, BMO Capital Markets increased their price target on shares of Marriott International from $250.00 to $265.00 and gave the company a “market perform” rating in a research report on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.60.

Marriott International Stock Performance

Marriott International stock opened at $271.47 on Friday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The stock has a market cap of $74.35 billion, a P/E ratio of 32.63, a PEG ratio of 3.42 and a beta of 1.39. The firm’s fifty day moving average price is $238.62 and its 200-day moving average price is $266.67.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 EPS. Sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 annualized dividend and a dividend yield of 0.99%. This is a positive change from Marriott International’s previous quarterly dividend of $0.63. Marriott International’s dividend payout ratio (DPR) is currently 30.52%.

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.