Marriott International, Inc. (NASDAQ:MAR) Holdings Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 62.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,098 shares of the company's stock after purchasing an additional 5,788 shares during the quarter. Teacher Retirement System of Texas' holdings in Marriott International were worth $4,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MAR. Great Valley Advisor Group Inc. grew its stake in shares of Marriott International by 3.5% in the third quarter. Great Valley Advisor Group Inc. now owns 1,578 shares of the company's stock worth $392,000 after purchasing an additional 53 shares during the last quarter. Cerity Partners LLC increased its holdings in Marriott International by 40.7% in the 3rd quarter. Cerity Partners LLC now owns 85,255 shares of the company's stock worth $21,194,000 after buying an additional 24,666 shares in the last quarter. Swedbank AB boosted its holdings in Marriott International by 6.1% in the third quarter. Swedbank AB now owns 63,386 shares of the company's stock worth $15,758,000 after purchasing an additional 3,635 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company's stock worth $94,000 after acquiring an additional 37 shares during the period. Finally, Summit Trail Advisors LLC grew its stake in shares of Marriott International by 2.1% during the 3rd quarter. Summit Trail Advisors LLC now owns 4,730 shares of the company's stock valued at $1,176,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 70.70% of the company's stock.

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Insiders Place Their Bets

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 in the last quarter. 12.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Truist Financial decreased their price target on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Wells Fargo & Company dropped their target price on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, Argus raised their target price on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International has a consensus rating of "Hold" and an average price target of $286.05.

Marriott International Trading Up 1.5 %

Shares of MAR traded up $3.56 during mid-day trading on Tuesday, hitting $246.48. The company's stock had a trading volume of 1,401,105 shares, compared to its average volume of 1,428,215. The firm has a 50-day simple moving average of $274.94 and a 200 day simple moving average of $270.47. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a market capitalization of $67.95 billion, a P/E ratio of 29.63, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, sell-side analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.02%. Marriott International's payout ratio is currently 30.29%.

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.