Markel Group Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 4.5% during the first quarter, HoldingsChannel.com reports. The fund owned 93,750 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Markel Group Inc.’s holdings in Marriott International were worth $30,663,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth $27,000. McMillan Office Inc. purchased a new stake in shares of Marriott International in the 4th quarter valued at about $27,000. Triumph Capital Management purchased a new stake in shares of Marriott International in the 3rd quarter valued at about $28,000. Basepoint Wealth LLC bought a new stake in shares of Marriott International during the 4th quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Marriott International during the fourth quarter worth about $31,000. 70.70% of the stock is owned by institutional investors.
Marriott International Trading Up 1.0%
Shares of MAR traded up $3.64 during mid-day trading on Friday, reaching $376.11. The company’s stock had a trading volume of 1,028,410 shares, compared to its average volume of 1,521,519. Marriott International, Inc. has a 52 week low of $253.76 and a 52 week high of $410.98. The stock has a market cap of $99.18 billion, a PE ratio of 39.47, a P/E/G ratio of 2.99 and a beta of 1.11. The company’s fifty day moving average price is $375.43 and its two-hundred day moving average price is $348.38.
Marriott International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were paid a $0.73 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. Marriott International’s dividend payout ratio is presently 30.64%.
Insiders Place Their Bets
In related news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 19,827 shares in the company, valued at $7,168,650.12. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.43% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on MAR shares. Mizuho raised their target price on shares of Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Truist Financial increased their price target on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Susquehanna lifted their price objective on shares of Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on Marriott International from $356.00 to $383.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Finally, Robert W. Baird lowered their price target on Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Marriott International has an average rating of “Moderate Buy” and an average price target of $384.73.
Get Our Latest Analysis on MAR
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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