SOL Capital Management CO Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

SOL Capital Management CO cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,765 shares of the company’s stock after selling 300 shares during the period. SOL Capital Management CO’s holdings in Marriott International were worth $492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Marriott International by 4.8% in 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 valued at $254,613,000 after purchasing an additional 46,563 shares during the period. National Pension Service increased its holdings in Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after buying an additional 74,832 shares during the period. Janus Henderson Group PLC lifted its stake in Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after acquiring an additional 47,551 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised 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 last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of several analyst reports. Robert W. Baird increased their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. TD Cowen cut their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Truist Financial raised their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $272.15.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,815 shares of company stock valued at $3,919,739. Insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

NASDAQ MAR opened at $290.59 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The business has a fifty day moving average price of $282.93 and a 200 day moving average price of $258.68. The company has a market cap of $80.75 billion, a P/E ratio of 30.40, a P/E/G ratio of 4.65 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.87%. Marriott International’s dividend payout ratio is presently 26.36%.

Marriott International 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.