Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Position in Marriott International, Inc. (NASDAQ:MAR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,042 shares of the company's stock after selling 1,823 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Marriott International were worth $13,680,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in Marriott International during the fourth quarter valued at $25,000. Bell Investment Advisors Inc increased its position in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of Marriott International in the third quarter worth approximately $33,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Marriott International during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insiders Place Their Bets

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction 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 transaction, the director now directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the 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 completion of the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock valued at $8,938,132 over the last ninety days. 12.32% of the stock is owned by insiders.

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Marriott International Price Performance

Shares of MAR stock traded up $3.56 during trading hours on Tuesday, hitting $246.48. The stock had a trading volume of 1,401,105 shares, compared to its average volume of 1,425,926. The stock's 50-day moving average price is $274.94 and its two-hundred day moving average price is $270.47. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a market capitalization of $67.95 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) 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 predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MAR. Stifel Nicolaus lifted their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research note on Tuesday, November 26th. Mizuho boosted their price target on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Jefferies Financial Group raised their price objective on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Truist Financial cut their price objective on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday. Finally, The Goldman Sachs Group lifted their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International presently has a consensus rating of "Hold" and an average target price of $286.05.

About Marriott International

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.