Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 59.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,893 shares of the company’s stock after selling 54,497 shares during the period. Hudson Bay Capital Management LP’s holdings in Marriott International were worth $10,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in shares of Marriott International in the fourth quarter valued at approximately $580,922,000. Wellington Management Group LLP increased its position in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Marriott International during the 4th quarter worth about $165,162,000. Invesco Ltd. grew its position in shares of Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after buying an additional 512,963 shares during the period. Finally, Proficio Capital Partners LLC grew its position in shares of Marriott International by 36,564.5% during the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after buying an additional 359,795 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAR has been the topic of several research reports. Truist Financial cut their target price on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Argus upped their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Melius Research raised Marriott International to a “strong-buy” rating in a report on Monday, April 21st. Stifel Nicolaus decreased their target price on Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their price objective on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Fourteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $272.75.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. The trade was a 50.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares in the company, valued at $1,262,811.48. This trade represents a 18.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 in the last quarter. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

NASDAQ MAR opened at $257.97 on Monday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market cap of $70.66 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 3.42 and a beta of 1.39. The company has a fifty day moving average price of $237.89 and a 200-day moving average price of $266.44.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were paid a $0.63 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. Marriott International’s payout ratio is 28.70%.

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.