MassMutual Private Wealth & Trust FSB Has $3.86 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

MassMutual Private Wealth & Trust FSB cut its position in Marriott International, Inc. (NASDAQ:MAR) by 26.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,832 shares of the company’s stock after selling 4,999 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Marriott International were worth $3,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Marriott International by 4.8% during the 3rd 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 buying an additional 46,563 shares during the period. National Pension Service lifted its stake in shares of Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after acquiring an additional 74,832 shares during the period. Janus Henderson Group PLC increased its position in Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after purchasing an additional 47,551 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after purchasing an additional 2,723 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Marriott International by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after buying an additional 12,702 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on MAR shares. Wells Fargo & Company upped their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Evercore ISI raised their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. TD Cowen dropped their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Barclays lifted their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group increased their target price 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. 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 has a consensus rating of “Hold” and a consensus price target of $272.15.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is owned by company insiders.

Marriott International Price Performance

MAR opened at $277.18 on Tuesday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The company’s 50-day moving average is $282.53 and its 200 day moving average is $256.13. The firm 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 announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.11 EPS. On average, equities research analysts expect that Marriott International, Inc. will post 9.25 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 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.