Marriott International, Inc. (NASDAQ:MAR) Holdings Trimmed by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,837 shares of the company's stock after selling 1,237 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Marriott International were worth $6,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Marriott International in the 4th quarter worth $165,162,000. PointState Capital LP acquired a new position in shares of Marriott International in the 3rd quarter valued at about $98,249,000. Proficio Capital Partners LLC increased its position in Marriott International by 36,564.5% during the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock worth $100,636,000 after purchasing an additional 359,795 shares in the last quarter. Assenagon Asset Management S.A. lifted 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 valued at $106,339,000 after buying an additional 294,898 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Marriott International by 35,705.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company's stock worth $71,681,000 after acquiring an additional 241,011 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna upped their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Truist Financial lowered 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 report on Friday, March 21st. Mizuho raised their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Argus upped their price objective on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $286.05.

Marriott International Trading Up 0.3 %

NASDAQ MAR traded up $0.73 during trading hours on Monday, reaching $237.74. The company's stock had a trading volume of 741,973 shares, compared to its average volume of 1,498,621. The stock has a market cap of $65.54 billion, a PE ratio of 28.62, a PEG ratio of 3.42 and a beta of 1.58. The business has a 50-day simple moving average of $272.32 and a 200 day simple moving average of $270.93. 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 quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International's dividend payout ratio is presently 30.29%.

Insiders Place Their Bets

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 24,733 shares of the company's stock, valued at approximately $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This 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. 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.