Marriott International, Inc. (NASDAQ:MAR) Holdings Cut by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,587 shares of the company’s stock after selling 5,027 shares during the quarter. Impax Asset Management Group plc’s holdings in Marriott International were worth $7,416,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC boosted its stake in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Silvant Capital Management LLC bought a new stake in shares of Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International during the third quarter worth approximately $33,000. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the 4th quarter valued at approximately $33,000. Finally, ORG Partners LLC raised its stake in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised 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. BMO Capital Markets upped their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Finally, Truist Financial upped their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $284.05.

Marriott International Trading Down 0.3 %

NASDAQ MAR opened at $276.76 on Tuesday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock’s 50-day moving average price is $283.46 and its two-hundred day moving average price is $265.88. The company has a market cap of $76.30 billion, a PE ratio of 33.26, a PEG ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 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%. Research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

Insider Buying and Selling

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, 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. Company insiders own 12.32% of the company’s stock.

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.