Twin Capital Management Inc. Sells 311 Shares of Marriott International, Inc. (NASDAQ:MAR)

Twin Capital Management Inc. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.3% in the 4th quarter, Holdings Channel reports. The fund owned 12,965 shares of the company’s stock after selling 311 shares during the quarter. Twin Capital Management Inc.’s holdings in Marriott International were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Parnassus Investments LLC acquired a new stake in shares of Marriott International in the third quarter valued at $481,621,000. Norges Bank acquired a new stake in shares of Marriott International in the fourth quarter valued at $326,980,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Marriott International by 1,066.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock valued at $379,202,000 after buying an additional 1,972,684 shares in the last quarter. Morgan Stanley increased 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 worth $716,346,000 after purchasing an additional 1,659,637 shares during the period. Finally, FMR LLC increased its position in 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 period. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Down 0.4 %

Shares of NASDAQ:MAR traded down $1.02 during trading on Thursday, hitting $237.44. 763,939 shares of the company’s stock traded hands, compared to its average volume of 1,430,319. The company has a 50-day moving average price of $248.80 and a 200-day moving average price of $225.04. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57. The company has a market cap of $68.61 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm earned $1.96 EPS. Marriott International’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 20.41%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MAR. Robert W. Baird lowered their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Jefferies Financial Group lifted their price objective on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Truist Financial raised their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. UBS Group raised their target price on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Mizuho assumed coverage on Marriott International in a report on Tuesday, March 26th. They set a “neutral” rating and a $263.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $236.81.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction that occurred 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 transaction, 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. In the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is owned by 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.