Marriott International, Inc. (NASDAQ:MAR) Shares Sold by GAM Holding AG

GAM Holding AG lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 23.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,920 shares of the company's stock after selling 14,430 shares during the period. GAM Holding AG's holdings in Marriott International were worth $11,176,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

MAR has been the topic of several research reports. Morgan Stanley dropped their price target on Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. UBS Group cut their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Barclays decreased their price target on Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, Mizuho decreased their target price on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.15.

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 12,000 shares of Marriott International 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 owns 124,067 shares of the company's stock, valued at $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 sale, the executive vice president now directly owns 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 disclosure for this sale can be found here. 10.68% of the stock is currently owned by company insiders.

Marriott International Trading Up 1.0%

Shares of NASDAQ:MAR opened at $260.19 on Friday. The firm has a market cap of $71.27 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 3.18 and a beta of 1.42. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The business has a fifty day simple moving average of $252.89 and a 200 day simple moving average of $263.87.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.07. The company had revenue of $6.26 billion for 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%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.13 EPS. On average, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The firm also recently announced 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 represents a $2.68 annualized dividend and a yield of 1.03%. 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. Marriott International's payout ratio is currently 30.52%.

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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