UMB Bank n.a. Sells 3,401 Shares of Marriott International, Inc. (NASDAQ:MAR)

UMB Bank n.a. cut its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 6.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 48,091 shares of the company's stock after selling 3,401 shares during the period. UMB Bank n.a.'s holdings in Marriott International were worth $11,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Marriott International in the fourth quarter worth $580,922,000. Wellington Management Group LLP increased its holdings in Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after buying an additional 1,570,144 shares in the last quarter. GAMMA Investing LLC raised its position in Marriott International by 23,923.3% in the 1st quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock worth $174,360,000 after buying an additional 728,942 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Marriott International during the 4th quarter valued at about $165,162,000. Finally, Invesco Ltd. grew its stake in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after acquiring an additional 512,963 shares during the period. Institutional investors own 70.70% of the company's stock.

Insiders Place Their Bets

In related news, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were 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 in the company, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of the firm's 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 directly owns 124,067 shares of the company's stock, valued at approximately $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.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $265.63 on Friday. The firm's fifty day moving average is $245.38 and its two-hundred day moving average is $265.47. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a market cap of $72.75 billion, a P/E ratio of 31.93, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 1.01%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is 30.52%.

Analyst Ratings Changes

MAR has been the subject of a number of research reports. Truist Financial reduced their price objective on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. BMO Capital Markets boosted their target price on shares of Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Morgan Stanley decreased their price target on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Melius Research raised shares of Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Thirteen investment 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 data from MarketBeat, the stock has an average 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.

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