Parnassus Investments LLC Has $614.57 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Parnassus Investments LLC decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,203,229 shares of the company's stock after selling 147,151 shares during the quarter. Parnassus Investments LLC owned about 0.79% of Marriott International worth $614,569,000 at the end of the most recent quarter.

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

Marriott International Trading Down 3.1 %

Marriott International stock traded down $7.72 during mid-day trading on Tuesday, reaching $240.39. The company had a trading volume of 1,253,572 shares, compared to its average volume of 1,419,393. The business has a fifty day simple moving average of $277.88 and a 200 day simple moving average of $270.08. The company has a market cap of $66.27 billion, a P/E ratio of 28.89, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

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Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Analyst Ratings Changes

MAR has been the topic of a number of research reports. 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. Susquehanna increased their target price on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Jefferies Financial Group boosted their price target on Marriott International from $251.00 to $295.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Stifel Nicolaus lifted their target price on Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Finally, Truist Financial upped their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $286.45.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab sold 1,054 shares of the company's 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 sale, the director now directly 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. Over the last 90 days, insiders sold 31,694 shares of company stock valued at $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.