Kentucky Retirement Systems Insurance Trust Fund Has $1.72 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,918 shares of the company’s stock after selling 820 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Marriott International were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coastline Trust Co bought a new stake in shares of Marriott International in the 3rd quarter valued at $99,000. Empowered Funds LLC grew its holdings in Marriott International by 4.8% in the third quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock worth $928,000 after purchasing an additional 172 shares during the period. Empirical Finance LLC raised its holdings in shares of Marriott International by 1.8% during the third quarter. Empirical Finance LLC now owns 8,823 shares of the company’s stock valued at $2,193,000 after purchasing an additional 154 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of Marriott International by 6.7% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 4,162 shares of the company’s stock worth $1,035,000 after purchasing an additional 260 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its position in Marriott International by 1.7% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 3,036 shares of the company’s stock valued at $755,000 after buying an additional 51 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock valued at $3,434,439 over the last three months. 12.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research reports. Truist Financial reduced their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. BMO Capital Markets upped their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Barclays lifted their price objective on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Morgan Stanley lowered their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $259.00.

Marriott International Stock Performance

NASDAQ MAR opened at $278.78 on Friday. The company has a market capitalization of $77.47 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 5.48 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $289.04. The company has a 50-day simple moving average of $256.59 and a 200 day simple moving average of $241.77.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the firm posted $2.11 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

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.