Greenleaf Trust Has $1.27 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Greenleaf Trust increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,544 shares of the company’s stock after purchasing an additional 685 shares during the quarter. Greenleaf Trust’s holdings in Marriott International were worth $1,268,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. PointState Capital LP bought a new position in Marriott International during the third quarter worth about $98,249,000. Canoe Financial LP bought a new position in Marriott International during the third quarter worth about $77,331,000. International Assets Investment Management LLC increased its position in Marriott International by 15,148.3% during the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after acquiring an additional 300,543 shares during the period. Assenagon Asset Management S.A. increased its position in Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Mizuho Securities USA LLC increased its position in Marriott International by 629.7% during the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after acquiring an additional 116,477 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $290.46 on Tuesday. The firm’s 50 day simple moving average is $283.06 and its 200 day simple moving average is $259.10. The company has a market capitalization of $80.72 billion, a P/E ratio of 30.38, a P/E/G ratio of 4.68 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $295.45.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 earnings per share. On average, equities analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

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

Analyst Ratings Changes

MAR has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Mizuho raised their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Evercore ISI raised their price target on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. 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 note on Wednesday, December 4th. Finally, TD Cowen reduced their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $272.15.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now directly 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 worth $3,919,739. Insiders own 12.32% of the company’s stock.

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.