California State Teachers Retirement System Sells 50,330 Shares of Marriott International, Inc. (NASDAQ:MAR)

California State Teachers Retirement System trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 283,697 shares of the company’s stock after selling 50,330 shares during the quarter. California State Teachers Retirement System’s holdings in Marriott International were worth $79,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $25,000. Bernard Wealth Management Corp. bought a new stake in shares of Marriott International in the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc raised its holdings in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in Marriott International in the fourth quarter valued at $33,000. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were 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 represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. 10.68% of the stock is owned by company insiders.

Marriott International Price Performance

Marriott International stock opened at $236.93 on Tuesday. The company’s 50-day moving average is $243.15 and its 200 day moving average is $267.28. The firm has a market capitalization of $65.38 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates 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 anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, February 27th. Marriott International’s dividend payout ratio is currently 30.29%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Argus raised their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial reduced their price objective on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Morgan Stanley dropped their target price on Marriott International from $275.00 to $267.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Susquehanna lifted their price objective on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Barclays cut their target price on shares of Marriott International from $283.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Fourteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $273.10.

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.