MinichMacGregor Wealth Management LLC reduced its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 6.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 21,236 shares of the company’s stock after selling 1,520 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Marriott International were worth $6,946,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired 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 fourth quarter valued at about $27,000. Triumph Capital Management bought a new position in shares of Marriott International in the third quarter valued at about $28,000. Basepoint Wealth LLC acquired a new stake in shares of Marriott International during the 4th quarter worth about $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Marriott International during the 4th quarter worth about $31,000. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Down 0.8%
NASDAQ MAR opened at $383.64 on Thursday. The firm has a 50-day moving average price of $373.52 and a two-hundred day moving average price of $342.33. Marriott International, Inc. has a 12-month low of $253.76 and a 12-month high of $410.98. The company has a market capitalization of $101.16 billion, a P/E ratio of 40.26, a P/E/G ratio of 3.08 and a beta of 1.10.
Marriott International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. 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 stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the sale, the executive vice president directly owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.43% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on MAR shares. Morgan Stanley increased their price target on shares of Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Mizuho upped their target price on Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Susquehanna boosted their price target on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, Truist Financial upped their price objective on Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $384.73.
Read Our Latest Stock Report on Marriott International
Key Stories Impacting Marriott International
Here are the key news stories impacting Marriott International this week:
- Positive Sentiment: Marriott reached an agreement with Blacksand to develop 10 hotels in Saudi Arabia, signaling continued brand expansion and potential future fee growth. Marriott and Blacksand to develop 10 hotels in Saudi Arabia
- Positive Sentiment: Marriott plans to add 100 new hotels in China with CG Hospitality, expanding its pipeline in another major international market. Marriott plans 100 new hotels in China with CG Hospitality partnership
- Positive Sentiment: Marriott opened a new St. Regis resort in Mexico, showing continued momentum in luxury openings and broadening its resort footprint. Marriott opens new St. Regis resort in Mexico
- Neutral Sentiment: Marriott CEO comments on AI agents suggest the company sees technology as more of a threat to online travel agencies than to hotels, but the impact on MAR’s earnings is indirect for now. Marriott CEO: Why AI Agents Threaten Online Travel Agencies, Not Hotels
- Neutral Sentiment: Reports about hotel owners seeking more Bonvoy revenue point to ongoing negotiations around loyalty economics, but there is no clear immediate financial impact yet. Marriott (MAR) Hotel Owners Seek More Bonvoy Revenue
- Neutral Sentiment: General “best hotel stocks” and “hotel stocks to watch” roundups may reflect sector interest, but they are not company-specific catalysts. Best Hotel Stocks To Follow Now – June 23rd Hotel Stocks To Watch Now – June 22nd
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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