Marriott International, Inc. (NASDAQ:MAR) Position Decreased by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC cut its position in Marriott International, Inc. (NASDAQ:MAR) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,899 shares of the company’s stock after selling 530 shares during the period. Marriott International accounts for 3.1% of Asset Advisors Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Asset Advisors Investment Management LLC’s holdings in Marriott International were worth $29,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Jensen Investment Management Inc. acquired a new position in Marriott International in the third quarter valued at approximately $793,000. Sumitomo Mitsui Trust Group Inc. grew its position 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 buying an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Marriott International during the 3rd quarter worth $2,721,000. Union Bancaire Privee UBP SA acquired a new position in Marriott International in the fourth quarter valued at $2,990,000. Finally, Kinsale Capital Group Inc. purchased a new position in shares of Marriott International during the third quarter worth about $3,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on MAR. BMO Capital Markets lifted their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Jefferies Financial Group upped their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Truist Financial lifted their price objective on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Macquarie reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $284.05.

Marriott International Stock Performance

Shares of MAR stock opened at $277.47 on Monday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a market cap of $76.50 billion, a PE ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57. The stock has a fifty day moving average price of $283.73 and a 200 day moving average price of $265.45.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is 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.