XTX Topco Ltd Invests $4.17 Million in Marriott International, Inc. (NASDAQ:MAR)

Key Points

• XTX Topco Ltd made a new investment in Marriott International, acquiring 17,500 shares valued at approximately $4.17 million.
• CEO Anthony Capuano sold 12,000 shares of Marriott stock, reducing his ownership by 8.82%.
• Marriott recently declared a quarterly dividend increase to $0.67 per share, up from $0.63, reflecting a 0.97% dividend yield.

XTX Topco Ltd bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,500 shares of the company's stock, valued at approximately $4,168,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Marriott International by 0.8% during the fourth quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after buying an additional 56,978 shares during the period. Geode Capital Management LLC boosted its position in shares of Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after buying an additional 60,458 shares during the period. Capital International Investors boosted its position in shares of Marriott International by 0.3% during the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company's stock worth $1,316,682,000 after buying an additional 15,923 shares during the period. Wellington Management Group LLP boosted its position in shares of Marriott International by 50.8% during the fourth 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 during the period. Finally, Invesco Ltd. boosted its position in shares of Marriott International by 17.4% during the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after buying an additional 512,963 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 124,067 shares of the company's stock, valued at $32,741,281.30. This trade represents a 8.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the transaction, the insider directly owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock valued at $4,107,710 in the last three months. Insiders own 10.68% of the company's stock.

Marriott International Stock Down 3.2%

Shares of MAR stock traded down $8.48 during trading hours on Friday, reaching $255.35. The company's stock had a trading volume of 2,496,293 shares, compared to its average volume of 1,727,582. The firm's 50 day simple moving average is $269.10 and its 200-day simple moving average is $262.32. The company has a market capitalization of $69.94 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 2.59 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 released 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. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the business posted $2.13 EPS. Marriott International's revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 23rd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 1.0%. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is 30.52%.

Analyst Upgrades and Downgrades

MAR has been the subject of several recent research reports. 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 research report on Monday, May 12th. Truist Financial reduced their price target 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 reissued a "neutral" rating and set a $245.00 price target (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. UBS Group reduced their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Finally, BMO Capital Markets upped their price objective on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Marriott International has a consensus rating of "Moderate Buy" and a consensus target price of $276.90.

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.