Marcum Wealth LLC Sells 111 Shares of Marriott International, Inc. (NASDAQ:MAR)

Marcum Wealth LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,464 shares of the company’s stock after selling 111 shares during the period. Marcum Wealth LLC’s holdings in Marriott International were worth $587,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MAR. Brighton Jones LLC lifted its stake in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after purchasing an additional 218 shares during the last quarter. KBC Group NV lifted its position in shares of Marriott International by 5.6% in the fourth quarter. KBC Group NV now owns 50,339 shares of the company’s stock valued at $14,041,000 after buying an additional 2,681 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Marriott International by 14.6% during the 4th quarter. Perigon Wealth Management LLC now owns 2,767 shares of the company’s stock worth $764,000 after acquiring an additional 353 shares during the period. SteelPeak Wealth LLC increased its holdings in shares of Marriott International by 138.1% during the 4th quarter. SteelPeak Wealth LLC now owns 8,623 shares of the company’s stock worth $2,405,000 after acquiring an additional 5,002 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in Marriott International by 33.3% during the 4th quarter. Forsta AP Fonden now owns 65,600 shares of the company’s stock valued at $18,298,000 after purchasing an additional 16,400 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Benjamin T. Breland sold 1,000 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Trading Down 0.3%

NASDAQ MAR opened at $263.61 on Friday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market capitalization of $72.20 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 3.42 and a beta of 1.39. The firm’s 50 day simple moving average is $242.88 and its 200 day simple moving average is $266.39.

Marriott International (NASDAQ:MAR) last issued its 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 firm 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. The company’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast 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 will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be issued 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 1.02%. This is a boost from Marriott International’s previous quarterly dividend of $0.63. Marriott International’s dividend payout ratio is 30.52%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Melius Research raised shares of Marriott International to a “strong-buy” rating in a research report on Monday, April 21st. Truist Financial reduced their price objective on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday, March 21st. Robert W. Baird lifted their price target on Marriott International from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Jefferies Financial Group raised Marriott International from a “hold” rating to a “buy” rating and upped their price objective for the company from $226.00 to $303.00 in a report on Monday, May 12th. Finally, UBS Group dropped their target price on Marriott International from $302.00 to $299.00 and set a “neutral” rating for the company in a report on Wednesday, May 21st. Thirteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $276.50.

Marriott International Company 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.