Strs Ohio Has $20.37 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Strs Ohio cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.1% in the fourth quarter, Holdings Channel reports. The firm owned 90,317 shares of the company’s stock after selling 3,872 shares during the quarter. Strs Ohio’s holdings in Marriott International were worth $20,367,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in Marriott International in the third quarter valued at about $25,000. Resurgent Financial Advisors LLC acquired a new position in Marriott International in the fourth quarter valued at about $25,000. ICA Group Wealth Management LLC acquired a new position in Marriott International in the fourth quarter valued at about $28,000. Coppell Advisory Solutions Corp. acquired a new position in Marriott International in the fourth quarter valued at about $28,000. Finally, ORG Partners LLC lifted its holdings in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

NASDAQ MAR opened at $245.62 on Wednesday. Marriott International, Inc. has a fifty-two week low of $162.77 and a fifty-two week high of $260.57. The stock has a market capitalization of $70.98 billion, a PE ratio of 24.10, a PEG ratio of 1.81 and a beta of 1.62. The business has a fifty day moving average price of $248.99 and a two-hundred day moving average price of $224.94.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company earned $1.96 EPS. Marriott International’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is 20.41%.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,003 shares of company stock worth $30,435,493. Insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MAR shares. Wells Fargo & Company boosted their price target on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Jefferies Financial Group upped their target price on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Argus upped their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets upped their target price on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Finally, Barclays boosted their price target on Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $236.81.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.