Marriott International, Inc. (NASDAQ:MAR) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lessened its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 57.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,541 shares of the company's stock after selling 2,045 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Marriott International were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Hopwood Financial Services Inc. purchased a new position in Marriott International during the fourth quarter valued at approximately $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc increased its holdings in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $33,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Marriott International during the fourth quarter valued at $34,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the transaction, the chief executive officer now owns 124,067 shares of the company's stock, valued at $32,741,281.30. This represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the company's 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 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. Insiders own 10.68% of the company's stock.

Marriott International Stock Down 0.8%

NASDAQ MAR traded down $2.12 on Thursday, reaching $259.81. The stock had a trading volume of 1,188,803 shares, compared to its average volume of 1,605,319. The stock has a fifty day moving average price of $244.40 and a two-hundred day moving average price of $265.82. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market capitalization of $71.16 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 3.42 and a beta of 1.42.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 earnings per share 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. Stockholders of record on Friday, May 23rd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.03%. 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 dividend payout ratio (DPR) is presently 30.52%.

Analyst Ratings Changes

Several research firms have recently issued reports on MAR. UBS Group lowered their target price 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. Truist Financial cut their price objective on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. BMO Capital Markets boosted their target price on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and increased their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Finally, Barclays lowered their price objective on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Thirteen 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's stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Moderate Buy" and an average price target of $275.15.

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.