New York State Teachers Retirement System Has $49.97 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 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,998 shares of the company’s stock after selling 16,754 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Marriott International worth $49,968,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Trajan Wealth LLC bought a new stake in Marriott International in the third quarter valued at about $448,000. Deltec Asset Management LLC bought a new stake in Marriott International in the third quarter valued at about $538,000. Fidelis Capital Partners LLC increased its holdings in Marriott International by 5.8% in the third quarter. Fidelis Capital Partners LLC now owns 4,932 shares of the company’s stock valued at $1,272,000 after purchasing an additional 271 shares during the last quarter. Valmark Advisers Inc. increased its holdings in Marriott International by 13.2% in the third quarter. Valmark Advisers Inc. now owns 2,411 shares of the company’s stock valued at $599,000 after purchasing an additional 281 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in Marriott International by 108.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 3,571 shares of the company’s stock valued at $888,000 after purchasing an additional 1,854 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MAR shares. UBS Group dropped their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company increased their price target on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Robert W. Baird set a $258.00 price target on Marriott International in a report on Thursday, October 17th. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $247.00 to $262.00 in a report on Thursday, August 29th. Finally, Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $256.39.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $264.26 on Thursday. The stock has a 50 day moving average price of $245.71 and a 200 day moving average price of $238.94. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58. The stock has a market capitalization of $74.40 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 6.36 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 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 firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the firm posted $2.26 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 0.95%. Marriott International’s dividend payout ratio (DPR) is presently 25.20%.

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, City Express by Marriott, and St.