Truist Financial Corp Has $13.90 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Truist Financial Corp lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,842 shares of the company’s stock after selling 1,870 shares during the period. Truist Financial Corp’s holdings in Marriott International were worth $13,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MAR. CIBC Asset Management Inc grew its position in shares of Marriott International by 2.4% in the 4th quarter. CIBC Asset Management Inc now owns 83,893 shares of the company’s stock valued at $23,401,000 after acquiring an additional 1,929 shares during the period. Human Investing LLC bought a new position in shares of Marriott International in the 4th quarter valued at about $82,000. Catalyst Capital Advisors LLC grew its position in shares of Marriott International by 2.0% in the 4th quarter. Catalyst Capital Advisors LLC now owns 4,731 shares of the company’s stock valued at $1,320,000 after acquiring an additional 95 shares during the period. WBH Advisory Inc. bought a new position in shares of Marriott International in the 4th quarter valued at about $231,000. Finally, Monument Capital Management lifted its stake in shares of Marriott International by 5.2% during the 4th quarter. Monument Capital Management now owns 853 shares of the company’s stock worth $238,000 after buying an additional 42 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 0.1 %

Shares of NASDAQ:MAR opened at $287.20 on Friday. The firm has a 50 day moving average of $283.92 and a 200-day moving average of $264.29. The stock has a market capitalization of $79.18 billion, a PE ratio of 34.52, a PEG ratio of 3.43 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

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

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MAR. Susquehanna raised their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. UBS Group raised their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein raised their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group raised 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. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $284.05.

About Marriott International

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.