iA Global Asset Management Inc. Grows Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

iA Global Asset Management Inc. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,952 shares of the company's stock after acquiring an additional 1,254 shares during the quarter. iA Global Asset Management Inc.'s holdings in Marriott International were worth $8,355,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Teacher Retirement System of Texas increased its stake in Marriott International by 62.2% in the fourth quarter. Teacher Retirement System of Texas now owns 15,098 shares of the company's stock valued at $4,211,000 after acquiring an additional 5,788 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Marriott International by 26.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 16,355 shares of the company's stock valued at $4,562,000 after purchasing an additional 3,375 shares during the last quarter. Vinva Investment Management Ltd raised its holdings in shares of Marriott International by 8.1% during the 4th quarter. Vinva Investment Management Ltd now owns 5,676 shares of the company's stock valued at $1,591,000 after buying an additional 426 shares in the last quarter. Trillium Asset Management LLC boosted its stake in Marriott International by 10.5% in the fourth quarter. Trillium Asset Management LLC now owns 75,637 shares of the company's stock worth $21,099,000 after buying an additional 7,158 shares in the last quarter. Finally, Enhancing Capital LLC bought a new position in Marriott International during the fourth quarter valued at approximately $558,000. 70.70% of the stock is currently owned by institutional investors.

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Marriott International Stock Performance

Shares of NASDAQ MAR traded up $3.56 during mid-day trading on Tuesday, hitting $246.48. 1,401,105 shares of the stock traded hands, compared to its average volume of 1,425,926. The company has a market cap of $67.95 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 3.42 and a beta of 1.58. The stock has a fifty day moving average price of $274.94 and a 200-day moving average price of $270.47. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, sell-side analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. Marriott International's payout ratio is currently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the firm's 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 directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock valued at $8,938,132 in the last 90 days. Corporate insiders own 12.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MAR. Jefferies Financial Group boosted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Morgan Stanley upped their price target 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. Argus lifted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Truist Financial reduced their price target on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research report on Friday. Finally, UBS Group boosted their price objective on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Marriott International has a consensus rating of "Hold" and a consensus target price of $286.05.

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.