Johnson Financial Group LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,556 shares of the company’s stock, valued at approximately $2,344,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after buying an additional 218 shares during the last quarter. Empowered Funds LLC boosted its holdings 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 acquiring an additional 1,631 shares during the last quarter. Woodline Partners LP grew its stake in shares of Marriott International by 39.6% in the 1st quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock worth $4,605,000 after acquiring an additional 5,480 shares in the last quarter. Intech Investment Management LLC raised its holdings 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 purchasing an additional 1,079 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Marriott International by 3.8% during the second quarter. Sei Investments Co. now owns 137,329 shares of the company’s stock valued at $37,520,000 after purchasing an additional 5,007 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.
Marriott International Trading Up 0.8%
Marriott International stock opened at $376.78 on Thursday. The business’s 50 day simple moving average is $356.16 and its 200 day simple moving average is $332.11. Marriott International, Inc. has a 12 month low of $253.55 and a 12 month high of $388.37. The company has a market cap of $99.35 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.97 and a beta of 1.10.
Marriott International Increases Dividend
The firm 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 a boost from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is 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 value of $1,084,680.00. Following the sale, the executive vice president owned 19,827 shares of the company’s stock, valued at $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.43% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have commented on MAR. Morgan Stanley increased their price objective on shares of Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Robert W. Baird decreased their price target on Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research report on Monday, May 11th. Sanford C. Bernstein upped their price objective on Marriott International from $400.00 to $402.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $382.07.
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.
Read More
- Five stocks we like better than Marriott International
- Coke’s $10B India IPO Plan Pops the Top on Hidden Value
- FedEx Unboxes Billions in Post-Spinoff Value
- Marvell’s AI Moment Raises a Bigger Question for Amazon and ServiceNow
- Palo Alto Networks Accelerates Growth 31% on AI Demand
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.
