Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 142.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,922 shares of the company's stock after acquiring an additional 6,997 shares during the period. Y Intercept Hong Kong Ltd's holdings in Marriott International were worth $2,840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC boosted its stake in shares of Marriott International by 0.6% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock worth $1,549,000 after acquiring an additional 35 shares in the last quarter. 4J Wealth Management LLC increased its stake in Marriott International by 3.6% during the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after acquiring an additional 43 shares during the period. Obsidian Personal Planning Solutions LLC boosted its holdings in Marriott International by 2.2% during the fourth quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after purchasing an additional 44 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after acquiring an additional 50 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of Marriott International by 3.4% in the first quarter. Rosenberg Matthew Hamilton now owns 1,529 shares of the company's stock valued at $364,000 after purchasing an additional 50 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 0.5%

Shares of NASDAQ:MAR opened at $272.98 on Wednesday. The firm has a 50 day simple moving average of $268.54 and a 200-day simple moving average of $262.17. The company has a market capitalization of $74.77 billion, a PE ratio of 31.09, a P/E/G ratio of 2.60 and a beta of 1.41. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data 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. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the firm posted $2.13 EPS. Marriott International's quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts predict 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 $0.67 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Insider Activity

In related news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the transaction, the chief executive officer directly owned 124,067 shares in the company, valued at approximately $32,741,281.30. This represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the sale, the executive vice president owned 20,724 shares of the company's stock, valued at $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. 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 corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on MAR shares. The Goldman Sachs Group reiterated a "neutral" rating and issued a $245.00 price objective (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. UBS Group cut their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Barclays lowered their price objective on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, Robert W. Baird upped their price objective on shares of Marriott International from $265.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Thirteen equities research 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $276.90.

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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