Headlands Technologies LLC Sells 12,259 Shares of Marriott International, Inc. (NASDAQ:MAR)

Headlands Technologies LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 88.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,556 shares of the company’s stock after selling 12,259 shares during the quarter. Headlands Technologies LLC’s holdings in Marriott International were worth $434,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Marriott International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after buying an additional 60,458 shares during the last quarter. National Bank of Canada FI increased its position in shares of Marriott International by 28.7% during the fourth quarter. National Bank of Canada FI now owns 255,929 shares of the company’s stock worth $71,391,000 after purchasing an additional 57,117 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of Marriott International by 119.1% during the 4th quarter. HighPoint Advisor Group LLC now owns 5,755 shares of the company’s stock valued at $1,657,000 after purchasing an additional 3,128 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in Marriott International by 3.8% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,967 shares of the company’s stock worth $2,501,000 after buying an additional 328 shares during the last quarter. Finally, Rodgers Brothers Inc. increased its position in Marriott International by 14.5% during the 4th quarter. Rodgers Brothers Inc. now owns 1,975 shares of the company’s stock valued at $551,000 after buying an additional 250 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Down 7.4 %

NASDAQ:MAR opened at $224.62 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock’s 50-day moving average price is $268.79 and its 200-day moving average price is $270.50. The stock has a market capitalization of $61.93 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted 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 negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.12%. Marriott International’s dividend payout ratio is currently 30.29%.

Insider Activity at Marriott International

In related news, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares in the company, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Susquehanna raised their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Barclays dropped their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Finally, Truist Financial cut their price objective on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Thirteen research 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 presently has an average rating of “Hold” and an average target price 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.