California Public Employees Retirement System Has $102.45 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

California Public Employees Retirement System lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 454,319 shares of the company’s stock after selling 23,543 shares during the quarter. California Public Employees Retirement System owned 0.15% of Marriott International worth $102,453,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MAR. Parnassus Investments LLC bought a new position in Marriott International during the 3rd quarter worth about $481,621,000. FMR LLC grew its holdings in shares of Marriott International by 16.1% in the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after acquiring an additional 1,194,665 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Marriott International by 34.8% in the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after acquiring an additional 323,500 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Marriott International by 33.0% in the 3rd quarter. Raymond James & Associates now owns 540,684 shares of the company’s stock valued at $106,277,000 after acquiring an additional 134,079 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David S. Marriott sold 2,878 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total transaction of $716,449.32. Following the sale, the insider now owns 596,042 shares in the company, valued at $148,378,695.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,003 shares of company stock valued at $30,435,493. Corporate insiders own 10.07% of the company’s stock.

Marriott International Trading Up 1.0 %

Shares of NASDAQ MAR opened at $239.69 on Wednesday. The firm’s 50-day moving average price is $248.18 and its 200-day moving average price is $226.48. Marriott International, Inc. has a 1-year low of $162.77 and a 1-year high of $260.57. The firm has a market capitalization of $69.26 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.73 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Marriott International, Inc. will post 9.46 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is 20.41%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Robert W. Baird cut their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. UBS Group raised their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets raised their price objective 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. Finally, Jefferies Financial Group raised their price objective on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $236.69.

Marriott International 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.