Raleigh Capital Management Inc. Sells 1,515 Shares of Marriott International, Inc. (NASDAQ:MAR)

Raleigh Capital Management Inc. decreased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 86.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 230 shares of the company's stock after selling 1,515 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Marriott International were worth $55,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MAR. Norges Bank acquired a new position in shares of Marriott International during the 4th quarter worth about $580,922,000. Wellington Management Group LLP grew its position in shares of Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after buying an additional 1,570,144 shares during the period. GAMMA Investing LLC grew its position in shares of Marriott International by 23,923.3% during the 1st quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock worth $174,360,000 after buying an additional 728,942 shares during the period. Invesco Ltd. grew its position in shares of Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after buying an additional 512,963 shares during the period. Finally, Northern Trust Corp grew its position in shares of Marriott International by 16.3% during the 4th quarter. Northern Trust Corp now owns 2,333,994 shares of the company's stock worth $651,044,000 after buying an additional 327,415 shares during the period. Institutional investors own 70.70% of the company's stock.

Insider Activity at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider directly owned 5,706 shares in the company, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president owned 20,724 shares of the company's stock, 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. Insiders sold 15,500 shares of company stock worth $4,107,710 in the last ninety days. 10.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on MAR. Truist Financial cut their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Melius Research raised Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Dbs Bank raised 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 Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $275.90.

Marriott International Stock Down 0.2%

Shares of NASDAQ:MAR traded down $0.65 during midday trading on Friday, reaching $281.65. 990,597 shares of the company traded hands, compared to its average volume of 1,590,819. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 3.48 and a beta of 1.41. The firm's fifty day moving average price is $266.48 and its two-hundred day moving average price is $262.65.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. Analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 23rd were issued a $0.67 dividend. This is a boost from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, May 23rd. Marriott International's dividend payout ratio is presently 30.52%.

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.