M&T Bank Corp Has $23.54 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

M&T Bank Corp lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.4% during the fourth quarter, Holdings Channel reports. The firm owned 104,394 shares of the company’s stock after selling 10,868 shares during the period. M&T Bank Corp’s holdings in Marriott International were worth $23,542,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC acquired a new position in shares of Marriott International during the 3rd quarter valued at about $310,000. Strategic Investment Advisors MI acquired a new stake in shares of Marriott International in the third quarter worth $714,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Marriott International by 469.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 188 shares of the company’s stock worth $38,000 after buying an additional 155 shares during the period. Cape ANN Savings Bank grew its stake in Marriott International by 15.1% in the 3rd quarter. Cape ANN Savings Bank now owns 5,437 shares of the company’s stock valued at $1,069,000 after buying an additional 712 shares during the last quarter. Finally, KMG Fiduciary Partners LLC lifted its position in Marriott International by 3.8% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 37,852 shares of the company’s stock worth $7,440,000 after acquiring an additional 1,395 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $0.97 during midday trading on Friday, reaching $234.59. 1,572,856 shares of the company traded hands, compared to its average volume of 1,539,790. The stock’s 50-day simple moving average is $247.40 and its 200-day simple moving average is $228.39. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The firm has a market cap of $67.00 billion, a PE ratio of 24.21, a PEG ratio of 5.24 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. Marriott International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. On average, equities research analysts expect that Marriott International, Inc. will post 9.49 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, February 21st. Marriott International’s payout ratio is presently 21.47%.

Insider Activity

In other Marriott International 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 value of $856,509.57. Following the completion of the transaction, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares in the company, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MAR has been the topic of a number of recent analyst reports. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Truist Financial lifted their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating 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 note on Wednesday, February 28th. BMO Capital Markets upped their target price on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Mizuho boosted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average price target of $241.33.

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.