QRG Capital Management Inc. Has $7.66 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

QRG Capital Management Inc. raised its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,163 shares of the company's stock after acquiring an additional 1,286 shares during the quarter. QRG Capital Management Inc.'s holdings in Marriott International were worth $7,661,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings 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 during the last quarter. Principal Securities Inc. increased its stake in shares of Marriott International by 31.5% in the 4th quarter. Principal Securities Inc. now owns 1,776 shares of the company's stock valued at $495,000 after acquiring an additional 425 shares during the last quarter. Allworth Financial LP raised its position in shares of Marriott International by 38.2% in the 4th quarter. Allworth Financial LP now owns 3,109 shares of the company's stock valued at $872,000 after acquiring an additional 859 shares during the period. J.W. Cole Advisors Inc. boosted its stake in Marriott International by 59.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 4,256 shares of the company's stock worth $1,187,000 after acquiring an additional 1,585 shares during the last quarter. Finally, Monument Capital Management increased its stake in Marriott International by 5.2% in the fourth quarter. Monument Capital Management now owns 853 shares of the company's stock valued at $238,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Performance

MAR opened at $256.20 on Wednesday. The business's 50-day simple moving average is $251.02 and its 200 day simple moving average is $264.28. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a market capitalization of $70.17 billion, a PE ratio of 29.18, a PEG ratio of 3.19 and a beta of 1.42.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. The company 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 revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 EPS. On average, research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a yield of 1.05%. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is presently 30.52%.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction that occurred 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 now directly owns 124,067 shares in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.68% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and boosted their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Truist Financial decreased their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research note on Friday, May 30th. 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 research report on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on 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, UBS Group cut their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $275.15.

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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