Pinnacle Financial Partners Inc Increases Position in Marriott International, Inc. (NASDAQ:MAR)

Pinnacle Financial Partners Inc boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 552.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,608 shares of the company’s stock after acquiring an additional 2,208 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Marriott International were worth $715,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAR. Deseret Mutual Benefit Administrators boosted its holdings in Marriott International by 17.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 738 shares of the company’s stock valued at $206,000 after purchasing an additional 107 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in Marriott International in the 4th quarter valued at about $223,000. Aspen Investment Management Inc boosted its holdings in Marriott International by 40.0% in the 4th quarter. Aspen Investment Management Inc now owns 2,490 shares of the company’s stock valued at $695,000 after purchasing an additional 712 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Marriott International by 1.9% in the 4th quarter. Handelsbanken Fonder AB now owns 69,883 shares of the company’s stock valued at $19,493,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in Marriott International by 18.2% in the 4th quarter. Ieq Capital LLC now owns 17,044 shares of the company’s stock valued at $4,754,000 after purchasing an additional 2,624 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 3.4 %

Shares of NASDAQ:MAR opened at $277.47 on Monday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company’s 50 day moving average is $283.73 and its two-hundred day moving average is $265.45. The company has a market cap of $76.50 billion, a PE ratio of 33.35, a P/E/G ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MAR shares. JPMorgan Chase & Co. boosted their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets boosted their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. TD Cowen decreased their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Truist Financial upped their price objective on shares of Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $284.05.

Marriott International 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.