Hartline Investment Corp Reduces Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Hartline Investment Corp lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 48.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,940 shares of the company's stock after selling 31,248 shares during the quarter. Marriott International comprises about 1.0% of Hartline Investment Corp's holdings, making the stock its 22nd largest holding. Hartline Investment Corp's holdings in Marriott International were worth $7,846,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAR. FMR LLC grew its holdings in Marriott International by 0.8% during the 4th quarter. FMR LLC now owns 6,973,897 shares of the company's stock valued at $1,945,299,000 after purchasing an additional 56,978 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 lifted its stake in shares of Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company's stock worth $1,316,682,000 after acquiring an additional 15,923 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 buying an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after acquiring an additional 512,963 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Trading Up 0.9%

Shares of Marriott International stock opened at $280.08 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company's 50-day moving average price is $261.75 and its two-hundred day moving average price is $262.78. The stock has a market cap of $76.71 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.42 and a beta of 1.41.

Marriott International (NASDAQ:MAR - Get Free Report) last released its 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 business had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. On average, equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 23rd were given a dividend of $0.67 per share. The ex-dividend date was 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 dividend yield of 0.96%. Marriott International's payout ratio is 30.52%.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 12,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 124,067 shares in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider owned 5,706 shares of the company's stock, valued at approximately $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 15,500 shares of company stock worth $4,107,710 in the last quarter. 10.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of research analyst reports. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and increased their target price for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Mizuho reduced their price objective on Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $275.90.

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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