Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Global Assets Advisory LLC

Global Assets Advisory LLC increased its position in Marriott International, Inc. (NASDAQ:MAR) by 162.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,268 shares of the company’s stock after buying an additional 1,403 shares during the period. Global Assets Advisory LLC’s holdings in Marriott International were worth $516,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International during the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc raised its stake in Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Marriott International during the fourth quarter worth approximately $34,000. Finally, Heck Capital Advisors LLC purchased a new position in Marriott International during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the topic of several research reports. Barclays cut their target price on Marriott International from $283.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. UBS Group reduced their price objective on 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 cut their price target on shares of Marriott International from $275.00 to $267.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. assumed coverage on Marriott International in a research report on Monday. They issued a “neutral” rating and a $284.00 price objective on the stock. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.90.

Marriott International Price Performance

MAR stock opened at $265.99 on Thursday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a fifty day moving average price of $255.57 and a two-hundred day moving average price of $263.34. The firm has a market cap of $72.85 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 3.32 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS. As a group, analysts expect that Marriott International, Inc. will post 10.1 EPS 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. Investors of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This is an increase from Marriott International’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International’s dividend payout ratio is presently 30.52%.

Insider Transactions at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 5,706 shares of the company’s stock, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. 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. Insiders own 10.68% of the company’s stock.

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.