TIAA Trust National Association Has $13.38 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

TIAA Trust National Association raised its position in Marriott International, Inc. (NASDAQ:MAR) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,952 shares of the company’s stock after purchasing an additional 394 shares during the period. TIAA Trust National Association’s holdings in Marriott International were worth $13,376,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. raised its position in shares of Marriott International by 3.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,578 shares of the company’s stock worth $392,000 after acquiring an additional 53 shares in the last quarter. Swedbank AB increased its holdings in Marriott International by 6.1% in the third quarter. Swedbank AB now owns 63,386 shares of the company’s stock worth $15,758,000 after purchasing an additional 3,635 shares in the last quarter. Larson Financial Group LLC lifted its stake in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Marriott International by 7.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,456 shares of the company’s stock worth $1,108,000 after buying an additional 291 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Marriott International by 3.9% in the 3rd quarter. Private Trust Co. NA now owns 3,008 shares of the company’s stock valued at $748,000 after acquiring an additional 113 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Up 1.5 %

NASDAQ:MAR opened at $246.48 on Wednesday. The firm’s 50 day moving average is $274.34 and its 200 day moving average is $270.60. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The stock has a market capitalization of $67.95 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly 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 negative return on equity of 116.67% and a net margin of 9.46%. Research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current 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 paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

Insider Buying and Selling

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on 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 transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MAR. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Susquehanna boosted their price objective on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Stifel Nicolaus upped their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Barclays reduced their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, UBS Group lifted their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $286.05.

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.