Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 10.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,504 shares of the company’s stock after selling 5,867 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Marriott International were worth $14,366,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International during the fourth quarter valued at $25,000. Bernard Wealth Management Corp. acquired a new position in Marriott International during the 4th quarter valued at about $25,000. Bell Investment Advisors Inc increased its stake in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Marriott International in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 over the last ninety days. Corporate insiders own 10.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MAR shares. Argus increased their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Mizuho increased their price objective on shares of 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 decreased their price target on Marriott International from $295.00 to $226.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley upped their price objective on Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus dropped their price target on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $277.00.

Marriott International Stock Performance

MAR stock opened at $215.69 on Tuesday. The stock has a market cap of $59.52 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.42 and a beta of 1.42. The firm has a 50 day simple moving average of $248.58 and a 200 day simple moving average of $268.24. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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 predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 27th. 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.