California Public Employees Retirement System reduced its position in shares of Marriott International (NASDAQ:MAR) by 6.4% during the first quarter, Holdings Channel reports. The institutional investor owned 798,340 shares of the company’s stock after selling 54,960 shares during the period. California Public Employees Retirement System owned about 0.21% of Marriott International worth $75,188,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MAR. FMR LLC raised its position in shares of Marriott International by 112.2% in the first quarter. FMR LLC now owns 11,625,543 shares of the company’s stock valued at $1,094,894,000 after buying an additional 6,147,789 shares in the last quarter. Norges Bank bought a new position in shares of Marriott International during the fourth quarter valued at about $236,001,000. TIAA CREF Investment Management LLC raised its position in shares of Marriott International by 35.5% in the first quarter. TIAA CREF Investment Management LLC now owns 2,627,606 shares of the company’s stock valued at $247,468,000 after buying an additional 689,051 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Marriott International by 1.7% in the first quarter. Ameriprise Financial Inc. now owns 2,391,838 shares of the company’s stock valued at $225,263,000 after buying an additional 38,828 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Marriott International by 47.8% in the first quarter. Teachers Advisors LLC now owns 1,638,849 shares of the company’s stock valued at $154,347,000 after buying an additional 530,186 shares in the last quarter. 68.33% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

Shares of Marriott International (NASDAQ:MAR) traded down 0.23% during mid-day trading on Friday, hitting $104.50. 3,960,268 shares of the stock traded hands. The company’s 50-day moving average price is $103.08 and its 200 day moving average price is $91.08. Marriott International has a 1-year low of $60.87 and a 1-year high of $110.51. The company has a market capitalization of $39.59 billion, a PE ratio of 37.02 and a beta of 1.31. Marriott International also was the recipient of unusually large options trading on Wednesday. Traders purchased 2,559 call options on the stock. This is an increase of approximately 966% compared to the average daily volume of 240 call options.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.28 billion. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. Marriott International’s quarterly revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. Equities research analysts forecast that Marriott International will post $4.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, May 19th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, May 17th. This is a positive change from Marriott International’s previous quarterly dividend of $0.30. Marriott International’s payout ratio is currently 47.48%.

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MAR has been the topic of several research analyst reports. J P Morgan Chase & Co reissued an “overweight” rating and set a $111.00 target price on shares of Marriott International in a research note on Friday, May 12th. Goldman Sachs Group, Inc. (The) lowered shares of Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 target price on the stock. in a research note on Tuesday, April 11th. Evercore ISI increased their target price on shares of Marriott International from $86.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, March 23rd. Barclays PLC reissued a “hold” rating and set a $105.00 target price on shares of Marriott International in a research note on Friday, May 12th. Finally, Stifel Nicolaus increased their target price on shares of Marriott International from $84.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $97.97.

In other news, insider Argiris Kyriakidis sold 3,800 shares of Marriott International stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $102.94, for a total value of $391,172.00. Following the completion of the transaction, the insider now owns 19,079 shares of the company’s stock, valued at approximately $1,963,992.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen Blake Marriott sold 3,733 shares of Marriott International stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $107.44, for a total value of $401,073.52. Following the completion of the transaction, the insider now directly owns 145,601 shares of the company’s stock, valued at approximately $15,643,371.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,029 shares of company stock valued at $10,117,644. 17.07% of the stock is owned by insiders.

Marriott International Company Profile

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

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