Retirement Systems of Alabama Sells 629 Shares of Marriott International, Inc. (NASDAQ:MAR)

Retirement Systems of Alabama lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,940 shares of the company’s stock after selling 629 shares during the quarter. Retirement Systems of Alabama’s holdings in Marriott International were worth $13,930,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. PointState Capital LP bought a new stake in shares of Marriott International during the 3rd quarter valued at $98,249,000. Canoe Financial LP bought a new stake in Marriott International during the third quarter worth about $77,331,000. International Assets Investment Management LLC increased its holdings in Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after buying an additional 300,543 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after buying an additional 294,898 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after acquiring an additional 116,477 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR stock opened at $303.97 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business’s 50 day simple moving average is $283.64 and its 200 day simple moving average is $260.28. The stock has a market capitalization of $84.47 billion, a PE ratio of 31.80, a PEG ratio of 4.68 and a beta of 1.57.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. TD Cowen reduced their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Sanford C. Bernstein boosted their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Barclays lifted their price target on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Bank of America increased their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Thirteen equities research 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 currently has an average rating of “Hold” and an average target price of $276.35.

Insider Activity

In related news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,399 shares of company stock valued at $3,529,238. 12.32% of the stock is currently owned by insiders.

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, City Express by Marriott, and St.