Franklin Street Advisors Inc. NC Sells 2,680 Shares of Marriott International, Inc. (NASDAQ:MAR)

Franklin Street Advisors Inc. NC lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,642 shares of the company’s stock after selling 2,680 shares during the period. Marriott International makes up about 1.5% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 26th biggest holding. Franklin Street Advisors Inc. NC’s holdings in Marriott International were worth $17,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MAR. Parnassus Investments LLC purchased a new stake in Marriott International during the third quarter valued at about $481,621,000. Norges Bank purchased a new stake in Marriott International during the 4th quarter valued at about $326,980,000. Arrowstreet Capital Limited Partnership increased its stake in Marriott International by 1,066.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after purchasing an additional 1,972,684 shares during the period. Morgan Stanley lifted its position in Marriott International by 52.7% in the fourth quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock valued at $716,346,000 after purchasing an additional 1,659,637 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Marriott International by 16.1% in the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after purchasing an additional 1,194,665 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MAR has been the subject of several analyst reports. Truist Financial increased their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. UBS Group boosted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets boosted their price target on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Finally, Jefferies Financial Group lifted their price objective on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $236.81.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $252.31 on Friday. Marriott International, Inc. has a 12 month low of $160.15 and a 12 month high of $256.53. The firm has a market capitalization of $75.34 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.84 and a beta of 1.62. The company’s fifty day moving average price is $245.80 and its 200 day moving average price is $219.55.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the firm posted $1.96 EPS. Marriott International’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Marriott International, Inc. will post 9.47 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, February 21st. Marriott International’s payout ratio is 20.41%.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the sale, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Hippeau sold 1,400 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 over the last three months. 12.32% of the stock is currently owned by insiders.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.