E. Ohman J or Asset Management AB Lowers Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

E. Ohman J or Asset Management AB lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,050 shares of the company's stock after selling 1,100 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Marriott International were worth $2,394,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cypress Wealth Services LLC raised its holdings in shares of Marriott International by 4.7% during the first quarter. Cypress Wealth Services LLC now owns 9,440 shares of the company's stock valued at $2,249,000 after acquiring an additional 423 shares during the last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of Marriott International by 4.9% during the first quarter. Gilman Hill Asset Management LLC now owns 18,369 shares of the company's stock valued at $4,376,000 after acquiring an additional 856 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Marriott International by 8.5% during the first quarter. Contravisory Investment Management Inc. now owns 3,288 shares of the company's stock valued at $783,000 after acquiring an additional 258 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Marriott International by 29.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 17,873 shares of the company's stock valued at $4,257,000 after purchasing an additional 4,056 shares during the last quarter. Finally, Clarus Wealth Advisors increased its holdings in shares of Marriott International by 21.5% in the first quarter. Clarus Wealth Advisors now owns 4,197 shares of the company's stock valued at $980,000 after purchasing an additional 743 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Up 2.2%

MAR opened at $265.63 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a fifty day simple moving average of $245.38 and a 200-day simple moving average of $265.58. The firm has a market cap of $72.75 billion, a P/E ratio of 31.93, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results 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 116.67% and a net margin of 9.46%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the business posted $2.13 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 1.01%. Marriott International's dividend payout ratio (DPR) is 30.52%.

Wall Street Analyst Weigh In

Several research firms recently commented on MAR. BMO Capital Markets increased their price target on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. 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. Barclays cut their price target on Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley cut their price target on Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Melius Research upgraded Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $275.15.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction dated Monday, May 12th. The stock was 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 of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Capuano sold 12,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 124,067 shares of the company's stock, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by company insiders.

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.

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