Mitsubishi UFJ Trust & Banking Corp Sells 7,552 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,122 shares of the company's stock after selling 7,552 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Marriott International were worth $29,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAR. Hopwood Financial Services Inc. purchased a new position in Marriott International during the 4th quarter worth $25,000. Bell Investment Advisors Inc boosted its holdings in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC increased its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after buying an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Marriott International during the 4th quarter worth approximately $33,000. Finally, ORG Partners LLC boosted its stake in shares of Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after buying an additional 84 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Price Performance

NASDAQ MAR traded up $1.19 during trading on Monday, reaching $238.20. The company's stock had a trading volume of 1,948,822 shares, compared to its average volume of 1,503,256. The stock has a market capitalization of $65.67 billion, a PE ratio of 28.63, a P/E/G ratio of 3.42 and a beta of 1.58. The firm has a fifty day moving average of $271.54 and a 200 day moving average of $270.98. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

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

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Insider Activity

In other news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley increased 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. Barclays dropped their target price 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. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Finally, Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a research note on Tuesday, February 4th. Thirteen investment 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 currently has a consensus rating of "Hold" and a consensus price target of $286.05.

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.