Wealthfront Advisers LLC lessened its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,555 shares of the company's stock after selling 1,171 shares during the period. Wealthfront Advisers LLC's holdings in Marriott International were worth $4,420,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of MAR. Brighton Jones LLC grew its stake in Marriott International by 2.5% in the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after purchasing an additional 218 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Marriott International by 31.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,293 shares of the company's stock worth $361,000 after purchasing an additional 309 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Marriott International by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,606 shares of the company's stock valued at $2,401,000 after acquiring an additional 285 shares in the last quarter. Parallel Advisors LLC raised its holdings in Marriott International by 7.1% in the 4th quarter. Parallel Advisors LLC now owns 2,719 shares of the company's stock valued at $759,000 after acquiring an additional 180 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Marriott International by 18.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 14,917 shares of the company's stock valued at $4,173,000 after acquiring an additional 2,273 shares in the last quarter. Institutional investors own 70.70% of the company's stock.
Marriott International Stock Performance
MAR stock opened at $271.60 on Friday. The company has a market cap of $74.39 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 3.38 and a beta of 1.41. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The stock's 50 day simple moving average is $268.25 and its 200 day simple moving average is $262.42.
Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating 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 analyst estimates of $6.19 billion. During the same period in the prior year, the company earned $2.13 earnings per share. Marriott International's revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.
Marriott International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 23rd were given a $0.67 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 0.99%. Marriott International's dividend payout ratio is 30.52%.
Insider Buying and Selling at Marriott International
In related news, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer owned 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This represents a 8.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president directly owned 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,500 shares of company stock worth $4,107,710. Insiders own 10.68% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on MAR. Mizuho cut 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. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and raised their price target for the company from $226.00 to $303.00 in a research report on Monday, May 12th. Stifel Nicolaus decreased their price objective on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Finally, Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a research note on Monday, April 21st. Thirteen equities research 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $276.90.
Get Our Latest Stock Report on Marriott International
About Marriott International
(
Free Report)
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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