Montag A & Associates Inc. Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Montag A & Associates Inc. lowered its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 45,803 shares of the company's stock after selling 1,251 shares during the quarter. Montag A & Associates Inc.'s holdings in Marriott International were worth $10,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in shares of Marriott International during the fourth quarter worth about $25,000. Kapitalo Investimentos Ltda purchased a new position in shares of Marriott International during the fourth quarter worth about $34,000. Morse Asset Management Inc purchased a new position in shares of Marriott International during the first quarter worth about $30,000. Heck Capital Advisors LLC purchased a new stake in Marriott International in the fourth quarter worth approximately $38,000. Finally, Sound Income Strategies LLC boosted its stake in Marriott International by 46.7% in the first 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. 70.70% of the stock is currently owned by institutional investors.

Insider Transactions at Marriott International

In other news, 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 value of $270,210.00. Following the transaction, the executive vice president directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the sale, the insider owned 5,706 shares in the company, valued at $1,530,805.68. The trade was a 30.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is currently owned by company insiders.

Marriott International Stock Up 0.4%

NASDAQ MAR opened at $272.58 on Friday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company has a market capitalization of $74.66 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.61 and a beta of 1.41. The stock's 50-day moving average price is $268.54 and its 200-day moving average price is $262.26.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. Research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were paid a $0.67 dividend. This is an increase from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a yield of 0.98%. Marriott International's payout ratio is presently 30.52%.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent research reports. Barclays lowered their price objective 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. Robert W. Baird upped their target price on Marriott International from $265.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday. Stifel Nicolaus decreased their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. BMO Capital Markets upped their target price on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley decreased their price objective on Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $276.90.

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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