Schroder Investment Management Group Lowers Position in Marriott International, Inc. (NASDAQ:MAR)

Schroder Investment Management Group cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,041 shares of the company’s stock after selling 548 shares during the period. Schroder Investment Management Group’s holdings in Marriott International were worth $10,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Hopwood Financial Services Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc lifted its stake in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Marriott International during the 4th quarter valued at about $33,000. Finally, ORG Partners LLC lifted its position in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by company insiders.

Marriott International Price Performance

NASDAQ:MAR opened at $214.58 on Friday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The business has a 50 day simple moving average of $267.40 and a 200 day simple moving average of $270.38. The firm has a market capitalization of $59.22 billion, a P/E ratio of 25.79, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. Research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

Analysts Set New Price Targets

A number of research analysts have recently commented on MAR shares. Argus boosted their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Mizuho upped their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Barclays cut their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Susquehanna raised their price objective on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Truist Financial reduced 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $286.05.

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.