Tilt Investment Management Holdings PBC Sells 412 Shares of Marriott International, Inc. (NASDAQ:MAR)

Tilt Investment Management Holdings PBC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 29.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,008 shares of the company’s stock after selling 412 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Marriott International were worth $227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parnassus Investments LLC acquired a new stake in Marriott International in the third quarter valued at $481,621,000. Norges Bank acquired a new stake in Marriott International during the 4th quarter worth about $326,980,000. Arrowstreet Capital Limited Partnership grew its holdings in Marriott International by 1,066.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after acquiring an additional 1,972,684 shares during the period. Morgan Stanley grew its holdings in Marriott International by 52.7% during the 4th quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock worth $716,346,000 after acquiring an additional 1,659,637 shares during the period. Finally, FMR LLC grew its holdings in Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird reduced their target price on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. UBS Group raised their price target on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Mizuho assumed coverage on shares of Marriott International in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $263.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets lifted their target price on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $236.81.

Marriott International Trading Down 0.9 %

Shares of NASDAQ:MAR opened at $236.30 on Friday. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62. The company has a 50-day moving average price of $248.53 and a 200-day moving average price of $225.12. Marriott International, Inc. has a 12 month low of $162.77 and a 12 month high of $260.57.

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

Marriott International Dividend Announcement

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

Insider Activity at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 over the last 90 days. 12.32% of the stock is owned by company insiders.

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.