Achmea Investment Management B.V. Has $913,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Achmea Investment Management B.V. trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 56.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,273 shares of the company's stock after selling 4,271 shares during the period. Achmea Investment Management B.V.'s holdings in Marriott International were worth $913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Financial Partners Inc acquired a new stake in Marriott International in the 3rd quarter worth $99,000. Oppenheimer Asset Management Inc. grew its position in Marriott International by 12.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,122 shares of the company's stock worth $528,000 after buying an additional 235 shares in the last quarter. Impax Asset Management Group plc raised its holdings in Marriott International by 3.0% in the 3rd quarter. Impax Asset Management Group plc now owns 31,614 shares of the company's stock valued at $7,859,000 after acquiring an additional 930 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Marriott International by 1.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,107 shares of the company's stock worth $1,518,000 after acquiring an additional 95 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Marriott International by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 81,964 shares of the company's stock worth $20,376,000 after purchasing an additional 2,994 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the business'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 value of $1,003,275.00. Following the sale, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company's stock.

Marriott International Price Performance

Shares of Marriott International stock traded up $7.23 during trading on Wednesday, hitting $247.62. 1,373,365 shares of the company were exchanged, compared to its average volume of 1,417,027. The firm has a market capitalization of $68.27 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The firm's fifty day moving average price is $277.29 and its 200 day moving average price is $270.12. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently announced 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is presently 30.29%.

Analyst Ratings Changes

A number of research firms have weighed in on MAR. Barclays decreased their price target on shares of 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. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research note on Tuesday, February 4th. Mizuho raised their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Susquehanna upped their price objective on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Truist Financial raised their target price on Marriott International from $277.00 to $308.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $286.45.

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.