Unigestion Holding SA Buys Shares of 6,410 Marriott International, Inc. (NASDAQ:MAR)

Unigestion Holding SA purchased a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,410 shares of the company's stock, valued at approximately $1,527,000.

A number of other institutional investors have also recently modified their holdings of MAR. Capital Asset Advisory Services LLC purchased a new position in Marriott International in the 1st quarter valued at approximately $395,000. Merit Financial Group LLC increased its position in shares of Marriott International by 33.1% in the first quarter. Merit Financial Group LLC now owns 5,587 shares of the company's stock valued at $1,331,000 after buying an additional 1,390 shares in the last quarter. Sarasin & Partners LLP raised its stake in shares of Marriott International by 29.5% during the 1st quarter. Sarasin & Partners LLP now owns 15,855 shares of the company's stock worth $3,942,000 after buying an additional 3,611 shares during the last quarter. NBC Securities Inc. grew its stake in Marriott International by 53,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,614 shares of the company's stock valued at $384,000 after acquiring an additional 1,611 shares during the last quarter. Finally, American National Bank & Trust increased its holdings in Marriott International by 4.7% during the 1st quarter. American National Bank & Trust now owns 34,048 shares of the company's stock valued at $8,110,000 after acquiring an additional 1,513 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAR has been the topic of several recent research reports. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and upped their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Melius Research raised Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Robert W. Baird upped their price objective on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, BMO Capital Markets raised their price objective on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Thirteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.15.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the transaction, the chief executive officer now directly owns 124,067 shares of the company's stock, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the sale, the executive vice president now owns 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Stock Down 0.8%

Shares of Marriott International stock traded down $2.12 during trading hours on Thursday, hitting $259.81. The company's stock had a trading volume of 1,188,803 shares, compared to its average volume of 1,605,319. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The business has a fifty day moving average of $244.40 and a 200 day moving average of $265.82. The company has a market capitalization of $71.16 billion, a PE ratio of 31.23, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. During the same period in the previous year, the company posted $2.13 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, May 23rd. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is 30.52%.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.