Amalgamated Bank Sells 1,964 Shares of Marriott International, Inc. (NASDAQ:MAR)

Amalgamated Bank cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,806 shares of the company’s stock after selling 1,964 shares during the period. Amalgamated Bank’s holdings in Marriott International were worth $12,498,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC increased its holdings in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of Marriott International in the third quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International in the third quarter worth $33,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the 4th quarter valued at $33,000. Finally, ORG Partners LLC boosted its holdings in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,640 shares of company stock valued at $8,645,668. Corporate insiders own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAR. Truist Financial boosted their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Susquehanna upped their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Barclays reduced their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group upped their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus price target of $284.05.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $277.46 on Wednesday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a 50-day simple moving average of $283.22 and a two-hundred day simple moving average of $266.30. The company has a market cap of $76.49 billion, a P/E ratio of 33.35, a PEG ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 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%. As a group, equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

About Marriott International

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.