Segment Wealth Management LLC Has $14.28 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Segment Wealth Management LLC grew its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,964 shares of the company's stock after buying an additional 1,344 shares during the quarter. Segment Wealth Management LLC's holdings in Marriott International were worth $14,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Straightline Group LLC bought a new stake in Marriott International during the 4th quarter worth about $495,000. NewEdge Wealth LLC increased its stake in Marriott International by 34.4% in the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock valued at $1,212,000 after purchasing an additional 1,112 shares in the last quarter. Markel Group Inc. grew its holdings in shares of Marriott International by 30.6% in the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after buying an additional 11,000 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Marriott International by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after buying an additional 32,288 shares during the period. Finally, JPL Wealth Management LLC bought a new position in Marriott International during the fourth quarter worth about $463,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Wall Street Analyst Weigh In

MAR has been the subject of several recent analyst reports. Barclays lowered their price target on Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Mizuho reduced their target price on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Melius Research upgraded Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Finally, Robert W. Baird boosted their target price on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Thirteen 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $275.15.

Marriott International Price Performance

MAR stock opened at $257.53 on Friday. The stock has a market cap of $70.54 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 3.18 and a beta of 1.42. The company has a fifty day moving average price of $252.19 and a two-hundred day moving average price of $264.04. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the business earned $2.13 EPS. Marriott International's quarterly revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.67 per share. 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 1.04%. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the business'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 sale, the chief executive officer now owns 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by company insiders.

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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