Kintegral Advisory LLC Has $814,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Kintegral Advisory LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,419 shares of the company's stock after selling 1,676 shares during the period. Kintegral Advisory LLC's holdings in Marriott International were worth $814,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Straightline Group LLC acquired a new stake in shares of Marriott International in the fourth quarter worth $495,000. Markel Group Inc. raised its position in Marriott International by 30.6% in the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after purchasing an additional 11,000 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Marriott International during the fourth quarter worth about $463,000. Sequoia Financial Advisors LLC boosted its position in shares of Marriott International by 11.9% in the first quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock worth $3,202,000 after buying an additional 1,432 shares during the period. Finally, Haven Capital Group Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at about $3,004,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Ratings Changes

MAR has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Morgan Stanley decreased their target price on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, Robert W. Baird raised their price target on shares of Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.90.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were 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 directly owned 20,724 shares of the company's stock, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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. This represents a 8.82% 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 over the last 90 days. 10.68% of the stock is currently owned by company insiders.

Marriott International Stock Performance

Shares of MAR traded up $2.56 during midday trading on Friday, hitting $280.08. 623,225 shares of the stock traded hands, compared to its average volume of 1,591,562. The business's 50 day moving average price is $262.62 and its two-hundred day moving average price is $262.71. The firm has a market capitalization of $76.71 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.45 and a beta of 1.41. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS 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 given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, May 23rd. 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 0.96%. Marriott International's dividend payout ratio (DPR) is 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.