Public Employees Retirement System of Ohio Sells 3,299 Shares of Marriott International, Inc. (NASDAQ:MAR)

Public Employees Retirement System of Ohio lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,298 shares of the company's stock after selling 3,299 shares during the period. Public Employees Retirement System of Ohio's holdings in Marriott International were worth $25,431,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its stake in Marriott International by 1.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,474 shares of the company's stock worth $43,126,000 after acquiring an additional 2,569 shares during the period. MML Investors Services LLC boosted its position in shares of Marriott International by 1.8% in the third quarter. MML Investors Services LLC now owns 19,570 shares of the company's stock worth $4,865,000 after acquiring an additional 351 shares during the last quarter. Northeast Financial Consultants Inc acquired a new position in shares of Marriott International in the 3rd quarter valued at $204,000. Orion Portfolio Solutions LLC grew its stake in shares of Marriott International by 5.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 42,364 shares of the company's stock valued at $10,532,000 after buying an additional 2,163 shares during the period. Finally, Zacks Investment Management raised its position in shares of Marriott International by 13.2% in the 3rd quarter. Zacks Investment Management now owns 115,913 shares of the company's stock worth $28,816,000 after buying an additional 13,503 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares of the company's stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research reports. Barclays raised their target price on shares of Marriott International from $240.00 to $249.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. UBS Group reduced their price objective on Marriott International from $267.00 to $244.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 13th. Truist Financial increased their target price on Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Mizuho upped their price target on Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company raised their target price on Marriott International from $238.00 to $261.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $263.70.

Marriott International Price Performance

Marriott International stock traded up $0.70 during trading hours on Tuesday, hitting $287.67. The company had a trading volume of 866,702 shares, compared to its average volume of 1,452,852. The firm's fifty day moving average is $271.61 and its 200-day moving average is $247.38. The firm has a market capitalization of $79.94 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 5.76 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 $295.45.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 earnings per share. Analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.88%. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

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.