Massachusetts Financial Services Co. MA Sells 172,504 Shares of Marriott International, Inc. (NASDAQ:MAR)

Massachusetts Financial Services Co. MA reduced its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,809,100 shares of the company's stock after selling 172,504 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.74% of Marriott International worth $1,145,528,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Marriott International in the 4th quarter worth $25,000. Kapitalo Investimentos Ltda purchased a new stake in Marriott International in the 4th quarter worth $34,000. Sound Income Strategies LLC increased its stake in Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after buying an additional 50 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Marriott International in the fourth quarter worth about $38,000. Finally, Navigoe LLC bought a new stake in shares of Marriott International in the fourth quarter worth about $44,000. 70.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the sale, the chief executive officer owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the executive vice president owned 20,724 shares of the company's stock, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $4,107,710 over the last 90 days. Company insiders own 10.68% of the company's stock.

Marriott International Stock Down 0.2%

Shares of NASDAQ:MAR opened at $281.65 on Monday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The stock has a market cap of $77.14 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 3.47 and a beta of 1.41. The business's 50 day moving average is $266.48 and its 200 day moving average is $262.32.

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 (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 company had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Marriott International's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.67 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a yield of 0.95%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is currently 30.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MAR shares. Robert W. Baird lifted their target price on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Melius Research raised Marriott International to a "strong-buy" rating in a report on Monday, April 21st. 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. Barclays reduced their price objective on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. Thirteen research 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.com, Marriott International currently 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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