Livforsakringsbolaget Skandia Omsesidigt Cuts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 17.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 463 shares of the company’s stock after selling 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marriott International were worth $112,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Marriott International during the 4th quarter worth approximately $461,525,000. Jennison Associates LLC increased its position in shares of Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after buying an additional 1,173,028 shares in the last quarter. Capital International Investors raised its stake in shares of Marriott International by 42.2% during the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after buying an additional 934,304 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Marriott International in the 1st quarter worth about $153,697,000. Finally, Public Employees Retirement Association of Colorado increased its holdings in Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock valued at $111,967,000 after acquiring an additional 420,962 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $1.62 during mid-day trading on Monday, hitting $216.35. 264,669 shares of the company traded hands, compared to its average volume of 1,509,541. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $260.57. The firm’s 50 day simple moving average is $236.29 and its 200 day simple moving average is $241.27. The firm has a market cap of $61.79 billion, a P/E ratio of 22.34, a PEG ratio of 4.24 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the firm earned $2.26 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that Marriott International, Inc. will post 9.29 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAR. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Morgan Stanley lowered their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Robert W. Baird cut their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. Barclays lifted their price objective on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Finally, Truist Financial decreased their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $241.89.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.