Citizens Financial Group Inc. RI Has $12.27 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Citizens Financial Group Inc. RI lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 44,002 shares of the company’s stock after selling 533 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Marriott International were worth $12,274,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sage Mountain Advisors LLC acquired a new position in Marriott International in the fourth quarter valued at about $224,000. Davis R M Inc. acquired a new position in Marriott International in the fourth quarter valued at about $232,000. Vista Investment Partners II LLC acquired a new position in Marriott International in the fourth quarter valued at about $1,639,000. Independent Advisor Alliance lifted its stake in Marriott International by 16.0% in the fourth quarter. Independent Advisor Alliance now owns 7,792 shares of the company’s stock valued at $2,174,000 after buying an additional 1,075 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in Marriott International by 9.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 2,737 shares of the company’s stock valued at $763,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. The trade was a 12.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of research analyst reports. Barclays dropped their price target on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Truist Financial raised their price target on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Stifel Nicolaus raised their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Morgan Stanley increased their price objective on Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. increased their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $286.45.

Marriott International Stock Down 2.1 %

MAR opened at $257.22 on Tuesday. The stock has a market cap of $70.91 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 3.42 and a beta of 1.58. The business has a 50 day moving average of $281.11 and a 200-day moving average of $269.50. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating 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%. As a group, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. Marriott International’s payout ratio is 30.29%.

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.