KMG Fiduciary Partners LLC Sells 8,384 Shares of Marriott International, Inc. (NASDAQ:MAR)

KMG Fiduciary Partners LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 22.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,752 shares of the company's stock after selling 8,384 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Marriott International were worth $6,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MAR. Norges Bank purchased a new position in shares of Marriott International during the fourth quarter valued at about $580,922,000. Wellington Management Group LLP grew its position in shares of Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Marriott International by 23,923.3% during the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock valued at $174,360,000 after purchasing an additional 728,942 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Marriott International in the fourth quarter worth about $165,162,000. Finally, Invesco Ltd. grew its position in Marriott International by 17.4% in the fourth 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. 70.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on MAR shares. UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Robert W. Baird lifted their price target on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $245.00 price target (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus dropped their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Thirteen 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. According to MarketBeat, Marriott International has a consensus rating of "Moderate Buy" and a consensus price target of $275.15.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $265.63 on Friday. The firm has a market capitalization of $72.75 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.42 and a beta of 1.42. The stock has a 50 day moving average price of $245.38 and a 200 day moving average price of $265.47. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. Marriott International's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. Analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

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

Insider Buying and Selling

In related 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 value of $3,166,800.00. Following the completion of the transaction, the chief executive officer now owns 124,067 shares of the company's stock, valued at $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 20,724 shares of the company's stock, valued at $5,599,832.04. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by insiders.

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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