111 Capital lessened its stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 55.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,345 shares of the company’s stock after selling 1,646 shares during the period. 111 Capital’s holdings in Marriott International were worth $417,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after buying an additional 218 shares during the period. Empowered Funds LLC boosted its stake in Marriott International by 39.1% during the 1st quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock worth $1,383,000 after purchasing an additional 1,631 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Marriott International by 39.6% during the first quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock worth $4,605,000 after buying an additional 5,480 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Marriott International by 21.8% in the first quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock valued at $1,438,000 after buying an additional 1,079 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Marriott International by 3.8% during the second quarter. Sei Investments Co. now owns 137,329 shares of the company’s stock worth $37,520,000 after acquiring an additional 5,007 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.
Marriott International Trading Up 1.9%
Shares of MAR opened at $392.51 on Friday. Marriott International, Inc. has a 12-month low of $253.55 and a 12-month high of $396.65. The firm has a 50-day moving average price of $358.69 and a 200 day moving average price of $333.23. The firm has a market capitalization of $103.50 billion, a P/E ratio of 41.19, a P/E/G ratio of 3.12 and a beta of 1.10.
Marriott International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be issued a $0.73 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 0.7%. Marriott International’s payout ratio is presently 30.64%.
Analyst Upgrades and Downgrades
A number of research firms have commented on MAR. JPMorgan Chase & Co. increased their price objective on shares of Marriott International from $356.00 to $383.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Barclays upped their price target on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Jefferies Financial Group increased their price target on Marriott International from $357.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Morgan Stanley lifted their price objective on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Mizuho lifted their price objective on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus price target of $382.07.
View Our Latest Stock Analysis on MAR
Insider Buying and Selling
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.43% of the stock is owned by insiders.
Marriott International Company 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.
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