Public Employees Retirement Association of Colorado Sells 110,600 Shares of Marriott International, Inc. (NASDAQ:MAR)

Public Employees Retirement Association of Colorado trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 22.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,835 shares of the company’s stock after selling 110,600 shares during the period. Public Employees Retirement Association of Colorado owned about 0.13% of Marriott International worth $90,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MAR. BDF Gestion purchased a new stake in Marriott International in the second quarter worth about $3,013,000. Parnassus Investments LLC boosted its stake in shares of Marriott International by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares in the last quarter. Redwood Investment Management LLC increased its holdings in Marriott International by 208.3% during the fourth quarter. Redwood Investment Management LLC now owns 26,927 shares of the company’s stock valued at $6,072,000 after buying an additional 18,192 shares during the period. CWM LLC raised its stake in Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after buying an additional 39,839 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Marriott International by 3.5% during the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock valued at $28,092,000 after acquiring an additional 4,247 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Trading Up 2.4 %

Shares of NASDAQ MAR opened at $244.46 on Friday. The stock has a market cap of $69.82 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 5.34 and a beta of 1.59. Marriott International, Inc. has a 12 month low of $180.75 and a 12 month high of $260.57. The company has a 50 day simple moving average of $229.76 and a two-hundred day simple moving average of $237.90.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.26 earnings per share. Analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.03%. Marriott International’s payout ratio is 26.01%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group decreased their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Macquarie reissued a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Wells Fargo & Company reduced their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Morgan Stanley lowered their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average target price of $247.33.

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.