Mirae Asset Global Investments Co. Ltd. Buys 15,168 Shares of Marriott International, Inc. (NASDAQ:MAR)

Mirae Asset Global Investments Co. Ltd. grew its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 19.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,520 shares of the company's stock after purchasing an additional 15,168 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Marriott International were worth $20,914,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MAR. Brighton Jones LLC lifted its position in shares of Marriott International by 2.5% during 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. Whipplewood Advisors LLC bought a new position in shares of Marriott International during the 4th quarter worth approximately $76,000. NewEdge Wealth LLC lifted its position in shares of Marriott International by 34.4% during the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after buying an additional 1,112 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of Marriott International by 13.8% during the 4th quarter. Kovack Advisors Inc. now owns 2,130 shares of the company's stock worth $594,000 after buying an additional 258 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Marriott International by 2.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 12,421 shares of the company's stock worth $3,465,000 after acquiring an additional 254 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Marriott International stock opened at $273.47 on Friday. The stock has a market cap of $74.90 billion, a P/E ratio of 31.15, a PEG ratio of 3.38 and a beta of 1.42. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm's fifty day moving average price is $257.62 and its 200-day moving average price is $262.93.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. The business 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 company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 EPS. Sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be issued a $0.67 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.98%. Marriott International's dividend payout ratio is presently 30.52%.

Insider Transactions at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the transaction, the insider now directly owns 5,706 shares in the company, valued at $1,530,805.68. This trade represents a 30.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $270,210.00. Following the transaction, the executive vice president now directly owns 20,724 shares in the company, 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 have sold 15,500 shares of company stock valued at $4,107,710 in the last quarter. Insiders own 10.68% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on MAR shares. 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. Mizuho lowered their price objective on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. BMO Capital Markets lifted their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. Barclays lowered their price target on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus lowered their price target on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Thirteen 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $275.90.

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.

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