M&T Bank Corp Lowers Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

M&T Bank Corp lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,379 shares of the company’s stock after selling 1,683 shares during the period. M&T Bank Corp’s holdings in Marriott International were worth $13,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Marriott International by 10.8% in the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after purchasing an additional 37 shares during the period. TFG Advisers LLC lifted its position in Marriott International by 0.8% in the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after purchasing an additional 37 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after acquiring an additional 38 shares during the period. Evermay Wealth Management LLC lifted its position in shares of Marriott International by 1.1% during the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after acquiring an additional 38 shares during the period. Finally, Essex Financial Services Inc. lifted its position in shares of Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock valued at $838,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In related news, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last ninety days. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

MAR stock opened at $271.10 on Thursday. The stock has a market capitalization of $74.74 billion, a P/E ratio of 32.58, a PEG ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a 50 day moving average price of $282.47 and a two-hundred day moving average price of $268.41.

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

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.93%. Marriott International’s dividend payout ratio is presently 30.29%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MAR. Wells Fargo & Company reduced their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their price target on shares of Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays reduced their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Truist Financial lifted their price objective on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $286.45.

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.