Oregon Public Employees Retirement Fund Sells 270 Shares of Marriott International, Inc. (NASDAQ:MAR)

Oregon Public Employees Retirement Fund cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,742 shares of the company’s stock after selling 270 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Marriott International were worth $5,507,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Marriott International by 4.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after purchasing an additional 46,563 shares in the last quarter. National Pension Service boosted its holdings in Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares during the period. Janus Henderson Group PLC boosted its holdings in Marriott International by 8.4% during the third 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. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Marriott International by 0.5% during the third 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. Finally, PNC Financial Services Group Inc. boosted its holdings in Marriott International by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after acquiring an additional 12,702 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Up 1.7 %

NASDAQ:MAR opened at $282.16 on Thursday. The firm has a market capitalization of $77.79 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. The firm has a 50-day moving average price of $283.31 and a 200 day moving average price of $266.41. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (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%. On average, research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

Insider Activity

In related news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 owns 30,919 shares in the company, valued at $8,831,393.97. The trade was a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’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 owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. Insiders own 10.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAR. Robert W. Baird upped their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Mizuho upped their price target 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. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Truist Financial increased their target price 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. Finally, Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $284.05.

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.