Daiwa Securities Group Inc. lifted its stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 60,992 shares of the company’s stock after acquiring an additional 2,932 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Marriott International were worth $18,922,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in MAR. Triumph Capital Management purchased a new stake in Marriott International during the 3rd quarter worth approximately $28,000. Basepoint Wealth LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $28,000. Godfrey Financial Associates Inc. acquired a new stake in Marriott International during the 4th quarter worth approximately $31,000. Rachor Investment Advisory Services LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $32,000. Finally, Darwin Wealth Management LLC acquired a new stake in Marriott International during the 2nd quarter worth approximately $37,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Trading Up 1.9%
Shares of NASDAQ:MAR opened at $392.51 on Friday. Marriott International, Inc. has a 52 week low of $253.55 and a 52 week high of $396.65. The company’s 50 day moving average is $358.69 and its two-hundred day moving average is $333.23. The company has a market cap of $103.50 billion, a PE ratio of 41.19, a P/E/G ratio of 3.07 and a beta of 1.10.
Marriott International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 0.7%. This is an increase from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio (DPR) is 30.64%.
Insiders Place Their Bets
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the completion of the transaction, the executive vice president owned 19,827 shares in the company, valued at $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.43% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on MAR shares. Mizuho increased their target price on shares of Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Truist Financial increased their target price on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Jefferies Financial Group increased their target price on shares of Marriott International from $357.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Marriott International from $355.00 to $398.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Marriott International has an average rating of “Moderate Buy” and a consensus price target of $382.07.
View Our Latest Analysis on MAR
Marriott International Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
Featured Stories
- Five stocks we like better than Marriott International
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.
