4,088 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,088 shares of the company's stock, valued at approximately $974,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at approximately $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc raised its position in Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after buying an additional 55 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in Marriott International during the 4th quarter worth approximately $34,000. Finally, Heck Capital Advisors LLC purchased a new position in Marriott International during the 4th quarter worth approximately $38,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the sale, the chief executive officer owned 124,067 shares of the company's stock, valued at $32,741,281.30. This represents a 8.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rajeev Menon sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider directly owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This trade represents a 30.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,500 shares of company stock valued at $4,107,710. Corporate insiders own 10.68% of the company's stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded up $1.56 during midday trading on Tuesday, hitting $279.96. The company's stock had a trading volume of 1,506,635 shares, compared to its average volume of 1,595,055. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market cap of $76.68 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 3.43 and a beta of 1.41. The business's 50 day simple moving average is $263.45 and its 200 day simple moving average is $262.46.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter in the prior year, the company earned $2.13 EPS. Marriott International's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict 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 was paid on Monday, June 30th. Investors of record on Friday, May 23rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is currently 30.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MAR shares. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Barclays dropped their price objective on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Truist Financial dropped their price objective on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Finally, Robert W. Baird raised their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $275.90.

Marriott International 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.