Consolidated Investment Group LLC Trims Stake in Marriott International, Inc. (NASDAQ:MAR)

Consolidated Investment Group LLC cut its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 24,876 shares of the company's stock after selling 1,105 shares during the period. Marriott International makes up about 0.9% of Consolidated Investment Group LLC's investment portfolio, making the stock its 27th largest holding. Consolidated Investment Group LLC's holdings in Marriott International were worth $5,925,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MAR. Norges Bank purchased a new position in shares of Marriott International during the fourth quarter valued at approximately $580,922,000. Wellington Management Group LLP raised its holdings in shares of Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Marriott International by 23,923.3% during the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock valued at $174,360,000 after purchasing an additional 728,942 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Marriott International during the fourth quarter valued at approximately $165,162,000. Finally, Invesco Ltd. grew its position in Marriott International by 17.4% during the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after buying an additional 512,963 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on 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 owns 124,067 shares in the company, valued at $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president now directly owns 20,724 shares in the company, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MAR. Truist Financial cut their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Barclays cut their target price on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley cut their target price on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus cut their target price on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Thirteen investment 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $275.15.

Marriott International Trading Up 1.0%

Shares of NASDAQ:MAR traded up $2.66 during midday trading on Friday, reaching $260.19. 2,244,292 shares of the company were exchanged, compared to its average volume of 1,600,239. The business's fifty day moving average is $252.89 and its two-hundred day moving average is $263.49. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a market cap of $71.27 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 3.21 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. Marriott International's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

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

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.