SG Americas Securities LLC Trims Stock Position in Marriott International, Inc. (NASDAQ:MAR)

SG Americas Securities LLC lowered its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 92.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,742 shares of the company's stock after selling 75,040 shares during the quarter. SG Americas Securities LLC's holdings in Marriott International were worth $1,368,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MAR. Straightline Group LLC purchased a new stake in shares of Marriott International during the fourth quarter worth approximately $495,000. NewEdge Wealth LLC grew its position in shares of Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after acquiring an additional 1,112 shares during the last quarter. Markel Group Inc. grew its position in shares of Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company's stock worth $13,110,000 after acquiring an additional 11,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Marriott International by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company's stock worth $412,167,000 after acquiring an additional 32,288 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Marriott International during the fourth quarter worth approximately $463,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Up 1.1%

Shares of MAR stock opened at $257.91 on Tuesday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The stock has a market cap of $70.64 billion, a P/E ratio of 31.00, a P/E/G ratio of 3.42 and a beta of 1.42. The business has a fifty day simple moving average of $250.56 and a 200-day simple moving average of $264.34.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results 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. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter last year, the business posted $2.13 earnings per share. The business's revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be given a $0.67 dividend. 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 a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAR. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus decreased their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Truist Financial decreased their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. Mizuho decreased their price target on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Wells Fargo & Company decreased their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of "Moderate Buy" and an average price target of $275.15.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the sale, the chief executive officer now owns 124,067 shares in the company, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of Marriott International 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 sale, the executive vice president now owns 20,724 shares of the company's stock, 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. 10.68% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.