ING Groep NV Sells 14,656 Shares of Marriott International, Inc. (NASDAQ:MAR)

ING Groep NV trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 28.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,248 shares of the company’s stock after selling 14,656 shares during the quarter. ING Groep NV’s holdings in Marriott International were worth $10,111,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MAR. Allspring Global Investments Holdings LLC increased its stake in Marriott International by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,843 shares of the company’s stock worth $3,690,000 after purchasing an additional 274 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Marriott International by 15.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 494 shares of the company’s stock worth $123,000 after purchasing an additional 67 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Marriott International by 2.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,010 shares of the company’s stock worth $500,000 after purchasing an additional 51 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Marriott International by 25.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,053 shares of the company’s stock worth $2,748,000 after acquiring an additional 2,240 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of Marriott International by 31.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,620 shares of the company’s stock worth $403,000 after acquiring an additional 387 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $287.20 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market capitalization of $79.18 billion, a P/E ratio of 34.52, a PEG ratio of 3.43 and a beta of 1.57. The stock’s fifty day moving average is $283.92 and its 200 day moving average is $264.29.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Equities research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MAR shares. BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group raised their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Argus increased their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial increased their price objective on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Finally, Barclays cut their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $284.05.

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.