Pacer Advisors Inc. cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,379 shares of the company’s stock after selling 4,135 shares during the period. Pacer Advisors Inc.’s holdings in Marriott International were worth $11,596,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MAR. MV Capital Management Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth approximately $1,001,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Marriott International by 7.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 63,680 shares of the company’s stock valued at $19,757,000 after buying an additional 4,383 shares during the last quarter. Compound Planning Inc. grew its holdings in Marriott International by 23.5% during the fourth quarter. Compound Planning Inc. now owns 3,213 shares of the company’s stock worth $997,000 after buying an additional 612 shares in the last quarter. Invesco Ltd. raised its position in Marriott International by 2.7% in the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock valued at $1,377,577,000 after buying an additional 118,504 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in Marriott International during the 4th quarter worth $33,000. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Performance
Shares of MAR opened at $396.20 on Friday. The firm has a market cap of $104.47 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.10. Marriott International, Inc. has a fifty-two week low of $253.76 and a fifty-two week high of $410.98. The business has a 50-day moving average of $371.76 and a 200 day moving average of $340.33.
Marriott International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This is an increase from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is currently 30.64%.
Analyst Upgrades and Downgrades
MAR has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Barclays upped their price objective on shares of Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their target price on shares of Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. UBS Group upped their target price on Marriott International from $336.00 to $412.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Finally, Susquehanna increased their price target on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $384.73.
View Our Latest Analysis on Marriott International
Insider Activity at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.43% of the stock is owned by insiders.
About Marriott International
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
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR – Free Report).
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.
