Swiss National Bank Reduces Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Swiss National Bank reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 676,038 shares of the company’s stock after selling 44,500 shares during the quarter. Swiss National Bank’s holdings in Marriott International were worth $188,574,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Marriott International by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after acquiring an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after purchasing an additional 46,563 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after purchasing an additional 47,551 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Marriott International during the fourth quarter worth $165,162,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Marriott International by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after purchasing an additional 12,702 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 2.7 %

Shares of MAR stock opened at $237.29 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 $65.42 billion, a P/E ratio of 28.52, a P/E/G ratio of 3.42 and a beta of 1.58. The business has a fifty day simple moving average of $279.01 and a 200-day simple moving average of $269.24.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MAR. Truist Financial increased their price target on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased 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. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Mizuho raised their target price on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $286.45.

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.