Amundi Sells 570,895 Shares of Marriott International, Inc. (NASDAQ:MAR)

Amundi reduced its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 51.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 537,180 shares of the company’s stock after selling 570,895 shares during the period. Amundi owned about 0.19% of Marriott International worth $146,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAR. Charles Schwab Investment Management Inc. raised its position in Marriott International by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after purchasing an additional 32,288 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after acquiring an additional 46,563 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after acquiring an additional 47,551 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at $165,162,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares during the period. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MAR has been the topic of a number of analyst reports. Mizuho lifted their price target on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Jefferies Financial Group boosted their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group boosted their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial boosted their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research note on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $286.45.

Marriott International Stock Down 2.1 %

Shares of MAR stock opened at $257.22 on Tuesday. The stock has a market cap of $70.91 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The business has a 50-day simple moving average of $281.11 and a 200-day simple moving average of $269.50. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

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

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

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.