Marriott International, Inc. (NASDAQ:MAR) Position Reduced by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,837 shares of the company’s stock after selling 1,237 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Marriott International were worth $6,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MAR. Raymond James Financial Inc. purchased a new position in shares of Marriott International during the 4th quarter valued at $165,162,000. PointState Capital LP bought a new stake in Marriott International in the third quarter worth $98,249,000. Proficio Capital Partners LLC increased its position in Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after buying an additional 359,795 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after acquiring an additional 294,898 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Marriott International by 35,705.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company’s stock worth $71,681,000 after purchasing an additional 241,011 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 0.9 %

Shares of MAR opened at $244.45 on Friday. The stock has a 50 day simple moving average of $273.13 and a 200-day simple moving average of $270.25. The stock has a market cap of $67.39 billion, a PE ratio of 29.38, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results 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 net margin of 9.46% and a negative return on equity of 116.67%. On average, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. Marriott International’s dividend payout ratio is 30.29%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MAR shares. Wells Fargo & Company dropped their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Barclays cut their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. UBS Group raised their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial decreased their target price on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Argus upped 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. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $286.05.

Insiders Place Their Bets

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was 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 owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is currently owned by corporate insiders.

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.