Quilter Plc Boosts Stake in Marriott International, Inc. (NASDAQ:MAR)

Quilter Plc boosted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 218,284 shares of the company's stock after acquiring an additional 19,614 shares during the quarter. Quilter Plc owned about 0.08% of Marriott International worth $51,995,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wescott Financial Advisory Group LLC raised its stake in shares of Marriott International by 0.6% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock worth $1,549,000 after buying an additional 35 shares during the last quarter. Meridian Wealth Management LLC raised its position in Marriott International by 0.9% during the fourth quarter. Meridian Wealth Management LLC now owns 4,750 shares of the company's stock worth $1,325,000 after acquiring an additional 42 shares during the last quarter. Obsidian Personal Planning Solutions LLC lifted its holdings in shares of Marriott International by 2.2% in the fourth quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after purchasing an additional 44 shares in the last quarter. Flputnam Investment Management Co. grew its position in shares of Marriott International by 4.8% in the fourth quarter. Flputnam Investment Management Co. now owns 1,101 shares of the company's stock valued at $307,000 after purchasing an additional 50 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Marriott International by 2.4% during the 4th quarter. Lindbrook Capital LLC now owns 2,138 shares of the company's stock worth $596,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity

In related news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the sale, the insider now owns 5,706 shares in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was 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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Trading Up 1.4%

MAR stock opened at $269.62 on Friday. The company has a market cap of $73.85 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 3.29 and a beta of 1.42. The stock has a 50-day moving average price of $256.55 and a two-hundred day moving average price of $263.22. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results 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. 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 analysts' expectations of $6.19 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's payout ratio is currently 30.52%.

Analyst Ratings Changes

A number of equities research analysts have commented on MAR shares. Robert W. Baird increased their target price on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Stifel Nicolaus dropped their price objective on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Morgan Stanley lowered their price target on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $275.90.

About Marriott International

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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