Twin Capital Management Inc. Sells 311 Shares of Marriott International, Inc. (NASDAQ:MAR)

Twin Capital Management Inc. lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,965 shares of the company’s stock after selling 311 shares during the quarter. Twin Capital Management Inc.’s holdings in Marriott International were worth $2,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC boosted its position in Marriott International by 255.1% during the fourth quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after buying an additional 8,463 shares during the period. Cerity Partners LLC boosted its holdings in shares of Marriott International by 86.8% during the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after purchasing an additional 20,890 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of Marriott International by 88.4% during the fourth quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock worth $2,351,000 after purchasing an additional 4,892 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Marriott International by 1,487.6% during the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock worth $77,856,000 after purchasing an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Marriott International by 14.7% during the fourth quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock worth $17,906,000 after purchasing an additional 10,197 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MAR. Robert W. Baird cut their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Barclays lifted their target price on shares of Marriott International from $234.00 to $239.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Truist Financial lifted their target price on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company lifted their target price on shares of Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $236.81.

Insider Activity

In related news, insider Deborah Marriott Harrison sold 37,300 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the sale, the insider now owns 9,100 shares of the company’s stock, valued at $2,197,286. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Deborah Marriott Harrison sold 37,300 shares of Marriott International stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the sale, the insider now owns 9,100 shares in the company, valued at approximately $2,197,286. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,003 shares of company stock worth $30,435,493. Corporate insiders own 12.32% of the company’s stock.

Marriott International Trading Down 0.4 %

NASDAQ:MAR traded down $1.02 during trading hours on Thursday, reaching $237.44. The company had a trading volume of 763,939 shares, compared to its average volume of 1,430,319. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57. The firm has a market cap of $68.61 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.79 and a beta of 1.62. The firm’s 50 day moving average price is $248.80 and its 200-day moving average price is $225.04.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 EPS. On average, analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s dividend payout ratio is presently 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.