New York State Teachers Retirement System Has $52.65 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

New York State Teachers Retirement System lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,752 shares of the company’s stock after selling 16,604 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Marriott International worth $52,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rockland Trust Co. increased its holdings in shares of Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after acquiring an additional 41 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Marriott International by 2.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock worth $415,000 after acquiring an additional 42 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of Marriott International by 1.2% in the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after acquiring an additional 42 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Marriott International by 1.2% in the first quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after acquiring an additional 42 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after buying an additional 46 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MAR shares. BMO Capital Markets increased their price target on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Macquarie reissued a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Barclays increased their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Robert W. Baird reduced their price target on Marriott International from $252.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday, August 1st. Finally, Wells Fargo & Company cut their price objective on Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $242.39.

Marriott International Stock Up 1.0 %

Shares of MAR traded up $2.26 during midday trading on Friday, hitting $226.38. The company’s stock had a trading volume of 428,971 shares, compared to its average volume of 1,485,948. Marriott International, Inc. has a one year low of $180.75 and a one year high of $260.57. The company’s fifty day simple moving average is $234.09 and its two-hundred day simple moving average is $239.93. The stock has a market capitalization of $64.66 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the company posted $2.26 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts predict that Marriott International, Inc. will post 9.29 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 16th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, August 16th. Marriott International’s payout ratio is 26.01%.

About Marriott International

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.