Trillium Asset Management LLC Acquires 7,158 Shares of Marriott International, Inc. (NASDAQ:MAR)

Trillium Asset Management LLC lifted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,637 shares of the company's stock after acquiring an additional 7,158 shares during the quarter. Trillium Asset Management LLC's holdings in Marriott International were worth $21,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MAR. Enhancing Capital LLC acquired a new position in Marriott International during the 4th quarter worth $558,000. Generali Asset Management SPA SGR acquired a new position in Marriott International during the 4th quarter worth $2,781,000. Horizon Investments LLC lifted its holdings in Marriott International by 1.9% during the 4th quarter. Horizon Investments LLC now owns 4,458 shares of the company's stock worth $1,244,000 after buying an additional 84 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Marriott International by 0.7% during the 4th quarter. Advisors Asset Management Inc. now owns 19,269 shares of the company's stock worth $5,375,000 after buying an additional 135 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Marriott International by 18.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,917 shares of the company's stock worth $4,173,000 after buying an additional 2,273 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Down 3.0 %

Shares of NASDAQ MAR traded down $7.35 during mid-day trading on Friday, hitting $237.49. The company had a trading volume of 4,300,925 shares, compared to its average volume of 1,424,127. The company has a market capitalization of $65.47 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The firm has a 50-day simple moving average of $275.53 and a two-hundred day simple moving average of $270.08. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

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Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.06%. Marriott International's dividend payout ratio (DPR) is currently 30.29%.

Analysts Set New Price Targets

Several research analysts have issued reports on MAR shares. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on Marriott International from $251.00 to $269.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their price target on Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Jefferies Financial Group increased 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. Finally, Truist Financial cut their price target on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $286.05.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were 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 directly owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock worth $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.