State of Tennessee Department of Treasury Has $29.03 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

State of Tennessee Department of Treasury increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,063 shares of the company's stock after purchasing an additional 1,318 shares during the period. State of Tennessee Department of Treasury's holdings in Marriott International were worth $29,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Straightline Group LLC bought a new stake in Marriott International in the 4th quarter valued at about $495,000. NewEdge Wealth LLC grew its holdings in shares of Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after purchasing an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Marriott International during the third quarter worth about $2,721,000. Union Bancaire Privee UBP SA acquired a new position in shares of Marriott International in the 4th quarter valued at approximately $2,990,000. Finally, Markel Group Inc. lifted its holdings in shares of Marriott International by 30.6% during the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock worth $13,110,000 after acquiring an additional 11,000 shares during the period. Institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $215.69 on Tuesday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The business's 50-day moving average is $248.58 and its 200-day moving average is $268.24. The company has a market capitalization of $59.52 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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%. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Analyst Ratings Changes

Several research analysts have commented on MAR shares. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective 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. Truist Financial lowered their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group reduced their price target on shares of Marriott International from $295.00 to $226.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Fourteen 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 stock currently has an average rating of "Hold" and a consensus target price of $277.00.

Insiders Place Their Bets

In related news, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares of the company's stock, valued at $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William P. Brown sold 12,642 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 10.68% 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.

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