Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 127.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,811 shares of the company's stock after acquiring an additional 1,014 shares during the period. Golden State Wealth Management LLC's holdings in Marriott International were worth $432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in Marriott International during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. acquired a new stake in Marriott International during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc lifted its stake in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Marriott International in the fourth quarter valued at $34,000. Finally, Sound Income Strategies LLC grew its stake in Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Up 1.4%

NASDAQ:MAR opened at $269.62 on Friday. The firm has a 50-day moving average price of $256.55 and a 200 day moving average price of $263.22. The firm has a market capitalization of $73.85 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 3.29 and a beta of 1.42. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The business's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $2.13 earnings per share. On average, research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be given 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 annualized dividend and a yield of 0.99%. Marriott International's payout ratio is presently 30.52%.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of the 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 transaction, the chief executive officer now directly owns 124,067 shares in the company, valued at $32,741,281.30. This represents 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 stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the transaction, the executive vice president now directly owns 20,724 shares in the company, valued at approximately $5,599,832.04. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,500 shares of company stock worth $4,107,710. Insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

MAR has been the topic of a number of research analyst reports. UBS Group reduced their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. The Goldman Sachs Group restated 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. JPMorgan Chase & Co. initiated coverage on Marriott International in a research report on Monday. They set a "neutral" rating and a $284.00 price target on the stock. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and raised their price objective for the company from $226.00 to $303.00 in a research report on Monday, May 12th. Finally, Mizuho decreased their price target on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $275.90.

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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