Amalgamated Bank Has $14.47 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Amalgamated Bank reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,147 shares of the company’s stock after selling 2,692 shares during the quarter. Amalgamated Bank’s holdings in Marriott International were worth $14,466,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MAR. Levin Capital Strategies L.P. acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $222,000. Natixis Advisors L.P. boosted its stake in shares of Marriott International by 5.6% during the 4th quarter. Natixis Advisors L.P. now owns 244,115 shares of the company’s stock worth $55,050,000 after buying an additional 12,904 shares during the last quarter. Heritage Wealth Management LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $437,000. Rogco LP lifted its stake in Marriott International by 130.9% in the 4th quarter. Rogco LP now owns 2,154 shares of the company’s stock valued at $486,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Seaview Investment Managers LLC bought a new position in Marriott International during the fourth quarter worth about $223,000. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares in the company, valued at approximately $4,862,937.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction 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 transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is currently owned by insiders.

Marriott International Stock Down 0.4 %

NASDAQ MAR traded down $0.97 on Friday, hitting $234.59. The company’s stock had a trading volume of 1,572,810 shares, compared to its average volume of 1,456,885. The firm has a market cap of $67.79 billion, a PE ratio of 24.21, a PEG ratio of 5.20 and a beta of 1.61. The company’s 50-day moving average is $247.74 and its 200 day moving average is $228.13. Marriott International, Inc. has a 1-year low of $165.13 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 574.15% and a net margin of 12.00%. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the prior year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts expect that Marriott International, Inc. will post 9.48 EPS for the current year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAR. BMO Capital Markets raised their price objective on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research report on Thursday. UBS Group upped their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Wells Fargo & Company reduced their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday. Argus lifted their price target on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Barclays increased their price target on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus price target of $237.31.

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.