Copeland Capital Management LLC Sells 1,159 Shares of Marriott International, Inc. (NASDAQ:MAR)

Copeland Capital Management LLC lowered its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,751 shares of the company's stock after selling 1,159 shares during the period. Copeland Capital Management LLC's holdings in Marriott International were worth $13,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC grew its stake in Marriott International by 0.8% during the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock valued at $1,945,299,000 after acquiring an additional 56,978 shares in the last quarter. Geode Capital Management LLC grew its stake in Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock valued at $1,398,321,000 after acquiring an additional 60,458 shares in the last quarter. Capital International Investors grew its stake in Marriott International by 0.3% during the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company's stock valued at $1,316,682,000 after acquiring an additional 15,923 shares in the last quarter. Wellington Management Group LLP grew its stake in 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 acquiring an additional 1,570,144 shares in the last quarter. Finally, Invesco Ltd. grew its stake 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 acquiring an additional 512,963 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MAR. UBS Group cut their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Barclays cut their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group reissued a "neutral" rating and issued a $245.00 price target (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. Finally, Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Thirteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of "Moderate Buy" and an average target price of $275.90.

Marriott International Stock Up 1.4%

NASDAQ:MAR opened at $273.47 on Friday. The company has a fifty day moving average of $257.62 and a 200 day moving average of $263.13. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a market capitalization of $74.90 billion, a P/E ratio of 31.15, a P/E/G ratio of 3.33 and a beta of 1.42.

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

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be issued a $0.67 dividend. The ex-dividend date is Friday, May 23rd. This is a positive change from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 0.98%. Marriott International's dividend payout ratio is 30.52%.

Insiders Place Their Bets

In other news, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the sale, the insider now directly owns 5,706 shares of the company's stock, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the sale, the chief executive officer now directly owns 124,067 shares in the company, valued at $32,741,281.30. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is currently owned by corporate insiders.

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.

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