Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Marriott International, Inc. (NASDAQ:MAR)

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,979 shares of the company's stock after acquiring an additional 3,275 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Marriott International worth $75,981,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Wescott Financial Advisory Group LLC grew its holdings in 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 acquiring an additional 35 shares in the last quarter. 4J Wealth Management LLC boosted its holdings in shares of Marriott International by 3.6% in the 1st quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after buying an additional 43 shares in the last quarter. Obsidian Personal Planning Solutions LLC boosted its holdings in shares of Marriott International by 2.2% in the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after buying an additional 44 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after buying an additional 50 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Marriott International by 3.4% in the 1st quarter. Rosenberg Matthew Hamilton now owns 1,529 shares of the company's stock valued at $364,000 after buying an additional 50 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Down 0.1%

MAR traded down $0.23 on Tuesday, reaching $271.33. The company's stock had a trading volume of 328,412 shares, compared to its average volume of 1,583,290. The stock has a 50 day moving average of $268.54 and a two-hundred day moving average of $262.17. The company has a market capitalization of $74.32 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 2.61 and a beta of 1.41. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

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 for the quarter, beating the consensus estimate of $2.25 by $0.07. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 earnings per share. As a group, analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were given a $0.67 dividend. This is a boost from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date was Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 0.99%. Marriott International's dividend payout ratio is presently 30.52%.

Analysts Set New Price Targets

MAR has been the subject of several analyst reports. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. started coverage on shares of Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. UBS Group dropped their price target 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. Morgan Stanley reduced their price target on Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $245.00 price target (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Thirteen research 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 company. According to data from MarketBeat.com, Marriott International has an average rating of "Moderate Buy" and a consensus price target of $276.90.

Insiders Place Their Bets

In other news, 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 value of $270,210.00. Following the completion of the transaction, the executive vice president owned 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the firm's 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 transaction, the insider owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. 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 owned by corporate insiders.

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.

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR - Free Report).

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.