New York State Teachers Retirement System Decreases Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

New York State Teachers Retirement System cut its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,114 shares of the company's stock after selling 6,884 shares during the period. New York State Teachers Retirement System owned 0.07% of Marriott International worth $54,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Campbell Wealth Management bought a new position in Marriott International during the 4th quarter worth about $1,178,000. Asset Planning Inc bought a new position in shares of Marriott International in the 4th quarter valued at about $494,000. Banque Pictet & Cie SA increased its position in Marriott International by 0.3% during the fourth quarter. Banque Pictet & Cie SA now owns 40,092 shares of the company's stock worth $11,183,000 after buying an additional 138 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Marriott International by 12.6% during the 4th quarter. Vontobel Holding Ltd. now owns 23,734 shares of the company's stock worth $6,620,000 after acquiring an additional 2,661 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in shares of Marriott International by 6.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 870 shares of the company's stock worth $243,000 after buying an additional 49 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

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Marriott International Trading Down 0.3 %

Shares of MAR stock traded down $0.86 on Wednesday, reaching $287.56. The company's stock had a trading volume of 1,414,065 shares, compared to its average volume of 1,567,733. The company has a market capitalization of $79.28 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 3.38 and a beta of 1.57. The stock's fifty day simple moving average is $284.06 and its 200-day simple moving average is $263.97. 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 issued 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%. Equities research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. UBS Group boosted their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their target price on 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 company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $284.05.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 10.07% of the company's stock.

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.