Kestra Advisory Services LLC lowered its position in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 7.6% during the 1st quarter, HoldingsChannel reports. The firm owned 22,153 shares of the company’s stock after selling 1,818 shares during the period. Kestra Advisory Services LLC’s holdings in Marriott International were worth $7,246,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in MAR. Frederick Financial Consultants LLC increased its stake in Marriott International by 0.8% in the 4th quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock worth $1,095,000 after acquiring an additional 28 shares during the last quarter. Haven Capital Group Inc. grew its holdings in shares of Marriott International by 0.3% during the first quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock worth $3,292,000 after purchasing an additional 30 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Marriott International by 34.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 120 shares of the company’s stock worth $37,000 after purchasing an additional 31 shares during the last quarter. Optimize Financial Inc lifted its position in Marriott International by 1.4% during the fourth quarter. Optimize Financial Inc now owns 2,284 shares of the company’s stock valued at $709,000 after purchasing an additional 32 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Marriott International by 1.0% in the 4th quarter. Bridges Investment Management Inc. now owns 3,277 shares of the company’s stock worth $1,017,000 after buying an additional 32 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Performance
Shares of Marriott International stock opened at $363.19 on Wednesday. Marriott International, Inc. has a 52-week low of $253.76 and a 52-week high of $410.98. The company has a fifty day moving average of $375.63 and a 200-day moving average of $349.31. The stock has a market capitalization of $95.77 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 2.89 and a beta of 1.11.
Marriott International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 22nd. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio is 30.64%.
Insider Buying and Selling
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction that occurred on Monday, May 18th. The stock was 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 $7,168,650.12. The trade was a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.43% of the stock is owned by company insiders.
Analyst Ratings Changes
MAR has been the topic of several research reports. UBS Group raised their price objective on shares of Marriott International from $336.00 to $412.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Susquehanna upped their target price on shares of Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Truist Financial raised their price target on Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. Barclays lifted their price target on Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, Sanford C. Bernstein set a $412.00 price objective on Marriott International in a research report on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $384.73.
View Our Latest Stock Report on MAR
About Marriott International
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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