Caliber Wealth Management LLC KS Buys New Holdings in Marriott International, Inc. (NASDAQ:MAR)

Key Points

• Caliber Wealth Management LLC KS has made a new investment in Marriott International, acquiring 2,188 shares valued at approximately $521,000.
• Marriott International reported better-than-expected quarterly earnings with $2.32 EPS, surpassing the consensus estimate of $2.25, alongside a revenue of $6.26 billion.
• The company has recently increased its quarterly dividend from $0.63 to $0.67, yielding 0.96%, reflecting continued growth and shareholder returns.

Caliber Wealth Management LLC KS acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,188 shares of the company's stock, valued at approximately $521,000.

A number of other large investors have also added to or reduced their stakes in the business. Trilogy Capital Inc. increased its stake in shares of Marriott International by 36.1% in the 1st quarter. Trilogy Capital Inc. now owns 1,912 shares of the company's stock valued at $455,000 after acquiring an additional 507 shares in the last quarter. Assetmark Inc. grew its position in Marriott International by 30.2% in the 1st quarter. Assetmark Inc. now owns 293 shares of the company's stock valued at $70,000 after purchasing an additional 68 shares during the period. Cetera Investment Advisers grew its position in Marriott International by 16.9% in the 1st quarter. Cetera Investment Advisers now owns 70,395 shares of the company's stock valued at $16,768,000 after purchasing an additional 10,158 shares during the period. Avantax Advisory Services Inc. grew its position in Marriott International by 7.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 8,858 shares of the company's stock valued at $2,110,000 after purchasing an additional 580 shares during the period. Finally, Wakefield Asset Management LLLP acquired a new stake in Marriott International in the 1st quarter valued at $221,000. Institutional investors own 70.70% of the company's stock.

Insiders Place Their Bets

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the transaction, the executive vice president directly owned 20,724 shares in the company, valued at $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,500 shares of company stock valued at $4,107,710. Insiders own 10.68% of the company's stock.

Marriott International Price Performance

NASDAQ MAR traded down $0.14 during trading hours on Wednesday, hitting $273.33. The company's stock had a trading volume of 288,224 shares, compared to its average volume of 1,711,041. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company's 50 day simple moving average is $268.85 and its two-hundred day simple moving average is $262.32. The company has a market cap of $74.87 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.64 and a beta of 1.41.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period last year, the company earned $2.13 EPS. Marriott International's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.98%. This is a boost from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. Marriott International's dividend payout ratio (DPR) is presently 30.52%.

Analyst Ratings Changes

MAR has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. UBS Group cut their price objective on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. The Goldman Sachs Group reissued a "neutral" rating and issued a $245.00 price target (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. JPMorgan Chase & Co. began coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. Finally, Barclays cut their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Marriott International currently has an average rating of "Moderate Buy" and a consensus target price of $276.90.

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.