Corient Private Wealth LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,162 shares of the company’s stock after purchasing an additional 19,761 shares during the period. Corient Private Wealth LLC’s holdings in Marriott International were worth $63,046,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in Marriott International during the 4th quarter valued at $27,000. McMillan Office Inc. bought a new position in shares of Marriott International in the 4th quarter worth $27,000. Triumph Capital Management purchased a new stake in shares of Marriott International during the 3rd quarter worth $28,000. Basepoint Wealth LLC bought a new stake in Marriott International during the fourth quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. purchased a new position in Marriott International in the fourth quarter valued at about $31,000. Institutional investors own 70.70% of the company’s stock.
Marriott International Price Performance
MAR stock opened at $396.20 on Friday. Marriott International, Inc. has a 52 week low of $253.76 and a 52 week high of $410.98. The stock has a market capitalization of $104.47 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.10. The firm has a 50 day moving average of $371.76 and a 200 day moving average of $340.33.
Marriott International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, May 22nd. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio (DPR) is presently 30.64%.
Insider Buying and Selling at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was 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 directly owned 19,827 shares in the company, valued at $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 11.43% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on MAR. Robert W. Baird decreased their price target on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. UBS Group lifted their price objective on shares of Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Barclays increased their target price on shares of Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Mizuho raised their target price on shares of Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company upped their price target on Marriott International to $446.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $384.73.
Check Out Our Latest Research Report 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.
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