Legal & General Group Plc Cuts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Legal & General Group Plc trimmed its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,264,451 shares of the company's stock after selling 447,484 shares during the quarter. Legal & General Group Plc owned 0.46% of Marriott International worth $352,706,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC boosted its stake in shares of Marriott International by 34.4% in the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock valued at $1,212,000 after buying an additional 1,112 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Marriott International during the 3rd quarter valued at $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International during the 4th quarter worth $2,990,000. Markel Group Inc. raised its stake in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Covea Finance lifted its position in Marriott International by 69.9% during the fourth quarter. Covea Finance now owns 60,540 shares of the company's stock worth $16,887,000 after purchasing an additional 24,900 shares during the period. Institutional investors own 70.70% of the company's stock.

Marriott International Trading Up 1.0 %

NASDAQ MAR traded up $2.30 on Friday, hitting $225.22. 2,013,785 shares of the company were exchanged, compared to its average volume of 1,566,748. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company has a market cap of $62.15 billion, a PE ratio of 27.07, a PEG ratio of 3.42 and a beta of 1.42. The stock has a fifty day moving average of $257.79 and a 200-day moving average of $269.49.

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Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.12%. Marriott International's payout ratio is 30.29%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Barclays decreased their price target on Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. UBS Group raised their price objective on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Susquehanna increased their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Truist Financial dropped their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $282.60.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 12,642 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. Corporate insiders own 12.32% of the company's stock.

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, City Express by Marriott, and St.