Ullmann Wealth Partners Group LLC boosted its position in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 67.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,406 shares of the company’s stock after purchasing an additional 2,182 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Marriott International were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Marriott International during the third quarter valued at approximately $28,000. Basepoint Wealth LLC bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $28,000. Godfrey Financial Associates Inc. bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $32,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $32,000. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Up 2.8%
Shares of NASDAQ:MAR opened at $397.06 on Friday. The company has a market capitalization of $104.70 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 3.07 and a beta of 1.10. Marriott International, Inc. has a 52 week low of $253.55 and a 52 week high of $398.96. The firm has a 50 day moving average of $364.27 and a 200 day moving average of $336.56.
Marriott International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 22nd. Marriott International’s dividend payout ratio is presently 30.64%.
Insider Transactions at Marriott International
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction on Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $356.00 to $383.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Morgan Stanley lifted their price target on shares of Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Sanford C. Bernstein boosted their price objective on shares of Marriott International from $400.00 to $402.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Truist Financial boosted their price objective on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a research note on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $382.07.
Check Out Our Latest Analysis on Marriott International
Marriott International Profile
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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