iA Global Asset Management Inc. Purchases 1,254 Shares of Marriott International, Inc. (NASDAQ:MAR)

iA Global Asset Management Inc. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.4% during the fourth quarter, HoldingsChannel reports. The firm owned 29,952 shares of the company’s stock after buying an additional 1,254 shares during the quarter. iA Global Asset Management Inc.’s holdings in Marriott International were worth $8,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its holdings in shares of Marriott International by 62.2% during the fourth quarter. Teacher Retirement System of Texas now owns 15,098 shares of the company’s stock worth $4,211,000 after acquiring an additional 5,788 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Marriott International by 26.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 16,355 shares of the company’s stock worth $4,562,000 after acquiring an additional 3,375 shares during the period. Vinva Investment Management Ltd increased its stake in Marriott International by 8.1% in the 4th quarter. Vinva Investment Management Ltd now owns 5,676 shares of the company’s stock valued at $1,591,000 after buying an additional 426 shares during the last quarter. Trillium Asset Management LLC increased its stake in Marriott International by 10.5% in the 4th quarter. Trillium Asset Management LLC now owns 75,637 shares of the company’s stock valued at $21,099,000 after buying an additional 7,158 shares during the last quarter. Finally, Enhancing Capital LLC acquired a new stake in Marriott International in the 4th quarter valued at $558,000. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Down 1.1 %

Shares of NASDAQ:MAR opened at $244.84 on Friday. The firm has a 50 day moving average of $276.20 and a 200-day moving average of $269.79. The stock has a market capitalization of $67.50 billion, a PE ratio of 29.43, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last issued its 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%. On average, research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is 30.29%.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This trade represents a 29.02 % 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 three months. 12.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MAR has been the topic of several recent research reports. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial lifted their price target on shares of Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Stifel Nicolaus lifted their target price on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company reduced their target price on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $286.45.

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, City Express by Marriott, and St.