Prudential Financial Inc. Has $34.84 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Prudential Financial Inc. lowered its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 30.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,894 shares of the company's stock after selling 55,572 shares during the period. Prudential Financial Inc.'s holdings in Marriott International were worth $34,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Congress Wealth Management LLC DE raised its position in Marriott International by 17.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 5,652 shares of the company's stock worth $1,577,000 after acquiring an additional 839 shares in the last quarter. LPL Financial LLC lifted its stake in Marriott International by 6.3% during the fourth quarter. LPL Financial LLC now owns 176,805 shares of the company's stock valued at $49,318,000 after purchasing an additional 10,456 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Marriott International in the fourth quarter worth approximately $23,281,000. AXQ Capital LP acquired a new stake in shares of Marriott International during the 4th quarter valued at $304,000. Finally, American Century Companies Inc. boosted its stake in shares of Marriott International by 0.3% during the 4th quarter. American Century Companies Inc. now owns 26,592 shares of the company's stock worth $7,418,000 after acquiring an additional 88 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of Marriott International stock traded down $7.44 during midday trading on Friday, reaching $237.01. 1,570,675 shares of the company's stock traded hands, compared to its average volume of 1,501,473. The company has a market cap of $65.34 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company's 50 day simple moving average is $272.32 and its 200 day simple moving average is $270.93.

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Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. As a group, equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share 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 issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio is currently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 24,733 shares of the company's stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares of the company's stock, valued at $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 three months, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Mizuho raised their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Susquehanna upped their price target on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their target price on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and a consensus target price of $286.05.

Marriott International 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.