Private Trust Co. NA Has $761,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Private Trust Co. NA decreased its stake in Marriott International, Inc. (NASDAQ:MAR) by 9.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,729 shares of the company’s stock after selling 279 shares during the quarter. Private Trust Co. NA’s holdings in Marriott International were worth $761,000 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 MAR. Jensen Investment Management Inc. acquired a new stake in Marriott International during the 3rd quarter worth about $793,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Marriott International during the 3rd quarter worth about $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in Marriott International during the 4th quarter worth about $2,990,000. Finally, Kinsale Capital Group Inc. acquired a new stake in Marriott International during the 3rd quarter worth about $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 1.2 %

Shares of NASDAQ MAR opened at $280.45 on Friday. The business’s 50 day moving average is $283.20 and its two-hundred day moving average is $267.30. The company has a market cap of $77.32 billion, a P/E ratio of 33.71, a P/E/G ratio of 3.42 and a beta of 1.57. 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 quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share 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. Stockholders 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 dividend yield of 0.90%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MAR shares. Robert W. Baird raised their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein lifted their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. UBS Group lifted their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial lifted their price target on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Finally, Barclays reduced their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $284.05.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William P. Brown sold 12,642 shares of the business’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 value of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

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.