Marriott International, Inc. (NASDAQ:MAR) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,379 shares of the company’s stock after selling 1,683 shares during the quarter. M&T Bank Corp’s holdings in Marriott International were worth $13,494,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC raised its stake in shares of Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after purchasing an additional 37 shares in the last quarter. TFG Advisers LLC raised its stake in shares of Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after purchasing an additional 37 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after purchasing an additional 38 shares in the last quarter. Evermay Wealth Management LLC raised its stake in shares of Marriott International by 1.1% in the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares in the last quarter. Finally, Essex Financial Services Inc. raised its stake in Marriott International by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock worth $838,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MAR shares. Jefferies Financial Group increased their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Susquehanna increased their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial increased their price objective on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Mizuho increased their price objective on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, UBS Group increased their price objective on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $286.45.

Insiders Place Their Bets

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International 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 transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by insiders.

Marriott International Price Performance

NASDAQ MAR opened at $271.10 on Thursday. The firm has a market capitalization of $74.74 billion, a PE ratio of 32.58, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company’s 50 day simple moving average is $282.47 and its 200 day simple moving average is $268.41.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 0.93%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

About Marriott International

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.