Pure Financial Advisors LLC bought a new position in Marriott International, Inc. (NASDAQ:MAR – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,718 shares of the company’s stock, valued at approximately $533,000.
Other institutional investors also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new position in Marriott International in the 4th quarter worth approximately $27,000. McMillan Office Inc. bought a new stake in Marriott International during the 4th quarter valued at $27,000. Triumph Capital Management purchased a new stake in shares of Marriott International during the third quarter worth $28,000. Basepoint Wealth LLC purchased a new position in shares of Marriott International in the fourth quarter valued at $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Marriott International during the 4th quarter valued at $31,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.
Marriott International Price Performance
Shares of NASDAQ MAR opened at $396.20 on Monday. The firm has a market capitalization of $104.47 billion, a P/E ratio of 41.57, a P/E/G ratio of 3.15 and a beta of 1.10. The stock’s 50-day simple moving average is $371.76 and its two-hundred day simple moving average is $340.59. Marriott International, Inc. has a twelve month low of $253.76 and a twelve month high of $410.98.
Marriott International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s payout ratio is currently 30.64%.
Insider Buying and Selling at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction 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 directly owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. The trade was a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.43% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on MAR shares. Barclays raised their target price on Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Robert W. Baird lowered their price target on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Marriott International from $356.00 to $383.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. UBS Group upped their target price on shares of Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $384.73.
Check Out Our Latest Stock Report on Marriott International
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.
See Also
- Five stocks we like better than Marriott International
- 3 Inflation-Fighting Stocks Built for Higher Oil Prices
- 3 Biotech Firms With Major Potential Catalysts in the Coming Months
- Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
- 3 Small-Cap Stocks Getting a Russell 2000 Rebalance Boost
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.
