Amalgamated Bank Sells 2,692 Shares of Marriott International, Inc. (NASDAQ:MAR)

Amalgamated Bank decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 64,147 shares of the company’s stock after selling 2,692 shares during the period. Amalgamated Bank’s holdings in Marriott International were worth $14,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust raised its holdings in Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after buying an additional 43 shares during the period. Argus Investors Counsel Inc. lifted its holdings in shares of Marriott International by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after acquiring an additional 45 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Marriott International by 2.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after purchasing an additional 45 shares during the period. LGL Partners LLC grew its holdings in Marriott International by 1.9% during the 4th quarter. LGL Partners LLC now owns 2,630 shares of the company’s stock valued at $593,000 after purchasing an additional 50 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by insiders.

Marriott International Stock Performance

MAR traded down $0.97 on Friday, hitting $234.59. The company had a trading volume of 1,572,810 shares, compared to its average volume of 1,456,885. The stock has a market capitalization of $67.79 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 5.20 and a beta of 1.61. The stock has a fifty day moving average price of $247.74 and a 200-day moving average price of $228.13. Marriott International, Inc. has a 12-month low of $165.13 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 574.15% and a net margin of 12.00%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.09 EPS. Analysts forecast that Marriott International, Inc. will post 9.48 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is 21.47%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MAR. Wells Fargo & Company reduced their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday. Truist Financial lifted their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Robert W. Baird raised their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group boosted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their price target on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $237.31.

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.