Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,808 shares of the company’s stock after selling 2,296 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Marriott International were worth $16,073,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $28,000. Godfrey Financial Associates Inc. bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $32,000. Triumph Capital Management bought a new stake in shares of Marriott International during the third quarter valued at approximately $28,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $37,000. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Performance
Shares of NASDAQ:MAR opened at $375.60 on Monday. The company’s 50-day moving average is $353.03 and its 200 day moving average is $330.31. The company has a market capitalization of $99.04 billion, a P/E ratio of 39.41, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10. Marriott International, Inc. has a fifty-two week low of $253.55 and a fifty-two week high of $388.37.
Marriott International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be issued a $0.73 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. Marriott International’s payout ratio is presently 30.64%.
Wall Street Analysts Forecast Growth
MAR has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. The Goldman Sachs Group boosted their price objective on Marriott International from $355.00 to $398.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Morgan Stanley upped their price target on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Sanford C. Bernstein upped their price target on Marriott International from $400.00 to $402.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group upped their price target on Marriott International from $357.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $382.07.
Check Out Our Latest Research Report on MAR
Insider Buying and Selling at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the transaction, the executive vice president owned 19,827 shares in the company, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.43% of the company’s stock.
About Marriott International
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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