Diversified Trust Co Sells 4,200 Shares of Marriott International, Inc. (NASDAQ:MAR)

Diversified Trust Co cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 26.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,617 shares of the company's stock after selling 4,200 shares during the period. Diversified Trust Co's holdings in Marriott International were worth $2,767,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Marriott International during the 4th quarter worth $580,922,000. Wellington Management Group LLP boosted its stake in Marriott International by 50.8% during the 4th 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 period. GAMMA Investing LLC grew its holdings in Marriott International by 23,923.3% in the 1st quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock valued at $174,360,000 after buying an additional 728,942 shares during the last quarter. Raymond James Financial Inc. bought a new position in Marriott International in the 4th quarter worth approximately $165,162,000. Finally, Invesco Ltd. boosted its position in shares of Marriott International by 17.4% in 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 during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of Marriott International stock traded up $5.03 on Tuesday, hitting $278.24. 1,016,284 shares of the company's stock traded hands, compared to its average volume of 1,592,199. The firm's 50-day moving average price is $258.77 and its two-hundred day moving average price is $262.64. The stock has a market capitalization of $76.21 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 3.37 and a beta of 1.42. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. The firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The company's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.13 earnings per share. On average, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 23rd were issued a $0.67 dividend. This is a positive change from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.68 annualized dividend and a dividend yield of 0.96%. Marriott International's payout ratio is 30.52%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MAR shares. Truist Financial reduced their price target on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus cut their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group reissued a "neutral" rating and set a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Finally, Morgan Stanley reduced their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Thirteen investment 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $275.90.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction dated Friday, May 30th. The stock was 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 directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of Marriott International 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 transaction, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This trade represents a 30.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $4,107,710 in the last quarter. Corporate insiders own 10.68% of the company's stock.

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.