Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,244 shares of the company’s stock after selling 3,611 shares during the period. Sarasin & Partners LLP’s holdings in Marriott International were worth $3,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Silvant Capital Management LLC purchased a new stake in Marriott International in the 3rd quarter worth $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter worth $33,000. Cyrus J. Lawrence LLC purchased a new stake in Marriott International in the 2nd quarter worth $36,000. ORG Partners LLC increased its holdings in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Marriott International in the 3rd quarter worth $40,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent analyst reports. Mizuho boosted their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Macquarie reaffirmed a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Truist Financial upped their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus target price of $272.15.

Insider Transactions at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

NASDAQ MAR opened at $277.18 on Monday. The firm’s 50-day moving average is $282.53 and its two-hundred day moving average is $256.02. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $295.45. The stock has a market capitalization of $77.03 billion, a P/E ratio of 28.99, a PEG ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company earned $2.11 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Marriott International, Inc. will post 9.25 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s dividend payout ratio is presently 26.36%.

Marriott International 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.