Capital International Sarl raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 29.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 53,218 shares of the company’s stock after purchasing an additional 11,981 shares during the period. Capital International Sarl’s holdings in Marriott International were worth $16,510,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Triumph Capital Management acquired a new position in shares of Marriott International in the third quarter valued at approximately $28,000. Basepoint Wealth LLC acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $28,000. Godfrey Financial Associates Inc. acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $32,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Marriott International in the second quarter valued at approximately $37,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Stock Up 1.9%
Shares of Marriott International stock 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 has a 50 day moving average of $358.69 and a 200 day moving average of $333.23. The company 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 company 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 $0.73 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 22nd. Marriott International’s payout ratio is presently 30.64%.
Insider Buying and Selling at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the sale, the executive vice president owned 19,827 shares in the company, valued at approximately $7,168,650.12. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.43% of the company’s stock.
Analyst Ratings Changes
MAR has been the subject of a number of research reports. Robert W. Baird dropped their price objective on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. The Goldman Sachs Group lifted their price objective on shares of Marriott International from $355.00 to $398.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Sanford C. Bernstein lifted their price objective on shares of Marriott International from $400.00 to $402.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Truist Financial lifted their price objective on shares of Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Finally, Barclays lifted their price objective on shares of Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $382.07.
Get Our Latest Stock Report on Marriott International
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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