Crossmark Global Holdings Inc. Purchases 1,301 Shares of Marriott International, Inc. (NASDAQ:MAR)

Crossmark Global Holdings Inc. grew its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,087 shares of the company's stock after purchasing an additional 1,301 shares during the period. Crossmark Global Holdings Inc.'s holdings in Marriott International were worth $6,452,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MAR. Wescott Financial Advisory Group LLC lifted its stake in shares of Marriott International by 0.6% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock valued at $1,549,000 after acquiring an additional 35 shares during the last quarter. 4J Wealth Management LLC lifted its stake in shares of Marriott International by 3.6% in the 1st 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 last quarter. Obsidian Personal Planning Solutions LLC lifted its stake in shares of Marriott International by 2.2% in the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after acquiring an additional 44 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Marriott International by 46.7% in the 1st 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 Marriott International by 3.4% during the 1st quarter. Rosenberg Matthew Hamilton now owns 1,529 shares of the company's stock valued at $364,000 after purchasing an additional 50 shares during the period. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $2.54 during midday trading on Friday, hitting $279.77. 216,159 shares of the stock traded hands, compared to its average volume of 1,588,542. The firm has a 50-day moving average of $265.84 and a two-hundred day moving average of $262.68. The firm has a market capitalization of $76.63 billion, a P/E ratio of 31.85, a PEG ratio of 3.44 and a beta of 1.41. Marriott International, Inc. has a one year low of $204.55 and a one year 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 EPS for the quarter, topping the consensus estimate 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 100.64% and a net margin of 9.75%. Marriott International's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. Equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 23rd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.96%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. Marriott International's dividend payout ratio is 30.52%.

Insiders Place Their Bets

In other Marriott International news, 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 value 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 represents a 30.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the sale, the chief executive officer owned 124,067 shares of the company's stock, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,500 shares of company stock worth $4,107,710. Corporate insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MAR. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Robert W. Baird boosted their price target on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Mizuho reduced their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial reduced their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $245.00 target price (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Thirteen research 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. According to data from MarketBeat, Marriott International currently has an average rating of "Moderate Buy" and an average price target of $275.90.

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.