Fidelis Capital Partners LLC Sells 3,702 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fidelis Capital Partners LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 63.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,104 shares of the company's stock after selling 3,702 shares during the period. Fidelis Capital Partners LLC's holdings in Marriott International were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vision Capital Management Inc. grew its position in Marriott International by 14.5% in the 1st quarter. Vision Capital Management Inc. now owns 1,584 shares of the company's stock worth $377,000 after purchasing an additional 200 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Marriott International in the first quarter valued at about $2,244,000. Alps Advisors Inc. boosted its stake in Marriott International by 40.6% in the first quarter. Alps Advisors Inc. now owns 1,741 shares of the company's stock valued at $415,000 after acquiring an additional 503 shares during the last quarter. Allworth Financial LP boosted its stake in Marriott International by 2.4% in the first quarter. Allworth Financial LP now owns 3,185 shares of the company's stock valued at $752,000 after acquiring an additional 76 shares during the last quarter. Finally, Banque Pictet & Cie SA boosted its stake in Marriott International by 1.9% in the first quarter. Banque Pictet & Cie SA now owns 40,853 shares of the company's stock valued at $9,731,000 after acquiring an additional 761 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Activity at Marriott International

In related 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 transaction, the chief executive officer owned 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajeev Menon sold 2,500 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the transaction, the insider directly owned 5,706 shares in the company, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,500 shares of company stock valued at $4,107,710. Insiders own 10.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAR. Robert W. Baird boosted their target price on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Barclays dropped 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 research note on Tuesday, April 22nd. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. started coverage on shares of Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Thirteen equities research 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $275.90.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $281.65 on Friday. The company's fifty day moving average price is $266.48 and its 200-day moving average price is $262.65. The firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 3.48 and a beta of 1.41. 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 quarterly earnings results on Tuesday, May 6th. The company reported $2.32 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 analyst estimates of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS. As a group, equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.95%. Marriott International's dividend payout ratio is presently 30.52%.

About Marriott International

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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