Heritage Investors Management Corp Reduces Position in Marriott International, Inc. (NASDAQ:MAR)

Heritage Investors Management Corp decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,064 shares of the company's stock after selling 1,055 shares during the period. Marriott International accounts for about 1.9% of Heritage Investors Management Corp's investment portfolio, making the stock its 10th largest holding. Heritage Investors Management Corp owned 0.08% of Marriott International worth $55,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock valued at $1,945,299,000 after buying an additional 56,978 shares in the last quarter. Geode Capital Management LLC grew its position in Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after purchasing an additional 60,458 shares in the last quarter. Capital International Investors grew its position in Marriott International by 0.3% during the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company's stock worth $1,316,682,000 after purchasing an additional 15,923 shares in the last quarter. Wellington Management Group LLP grew its position 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 worth $1,300,168,000 after purchasing an additional 1,570,144 shares in the last quarter. Finally, Invesco Ltd. grew its position 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 purchasing an additional 512,963 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Insider Activity

In other Marriott International 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 value of $3,166,800.00. Following the sale, the chief executive officer directly owned 124,067 shares in the company, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the stock in a transaction on Tuesday, June 24th. The stock was 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 in the company, valued at approximately $1,530,805.68. This trade represents a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock valued at $4,107,710 over the last three months. 10.68% of the stock is owned by insiders.

Marriott International Stock Performance

Shares of MAR opened at $272.58 on Friday. The company has a 50-day simple moving average of $268.54 and a 200-day simple moving average of $262.26. The firm has a market capitalization of $74.66 billion, a P/E ratio of 31.05, a P/E/G ratio of 2.61 and a beta of 1.41. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share 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 paid a dividend of $0.67 per share. This is a boost from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott International's dividend payout ratio is 30.52%.

Analyst Ratings Changes

Several research firms have recently commented on MAR. Truist Financial lowered their price target on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. BMO Capital Markets boosted their price target on shares of Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. UBS Group lowered their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Finally, Barclays lowered 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 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $276.90.

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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