Achmea Investment Management B.V. Decreases Stake in Marriott International, Inc. (NASDAQ:MAR)

Achmea Investment Management B.V. reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 56.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,273 shares of the company’s stock after selling 4,271 shares during the period. Achmea Investment Management B.V.’s holdings in Marriott International were worth $913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in shares of Marriott International during the fourth quarter worth about $25,000. Bell Investment Advisors Inc lifted its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Marriott International in the third quarter worth about $33,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Marriott International in the fourth quarter worth about $33,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MAR. JPMorgan Chase & Co. raised their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Truist Financial raised their target price 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. Stifel Nicolaus raised 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. Morgan Stanley raised their price target on shares of Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Finally, 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. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $286.45.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $243.11 on Friday. The stock has a market capitalization of $67.02 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The company has a 50 day moving average price of $278.37 and a 200 day moving average price of $269.66.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is 30.29%.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction 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 sale, the insider now owns 30,919 shares of the company’s stock, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of Marriott International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

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.