Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Tacita Capital Inc

Tacita Capital Inc decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 37.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160 shares of the company’s stock after selling 95 shares during the quarter. Tacita Capital Inc’s holdings in Marriott International were worth $45,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jensen Investment Management Inc. acquired a new position in Marriott International in the 3rd quarter worth approximately $793,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after purchasing an additional 2,723 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in shares of Marriott International during the 3rd quarter valued at $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International during the 4th quarter valued at $2,990,000. Finally, Kinsale Capital Group Inc. acquired a new stake in shares of Marriott International during the 3rd quarter valued at $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now directly owns 14,282 shares in the company, valued at $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction dated 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 owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

MAR has been the subject of a number of research reports. Barclays decreased their target price on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Truist Financial lifted their target price 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 raised their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. 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 report on Tuesday, February 4th. Finally, Susquehanna raised their price target on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $284.05.

Marriott International Stock Performance

NASDAQ:MAR opened at $277.72 on Tuesday. The firm’s 50-day moving average is $283.08 and its 200-day moving average is $268.04. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a market cap of $76.57 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

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.