Gateway Investment Advisers LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,936 shares of the company’s stock after selling 62 shares during the period. Gateway Investment Advisers LLC’s holdings in Marriott International were worth $5,635,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in MAR. VitalStone Financial LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $25,000. Resurgent Financial Advisors LLC acquired a new position in shares of Marriott International in the 4th quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Marriott International in the 4th quarter worth approximately $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Marriott International in the 4th quarter worth approximately $28,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Marriott International in the 4th quarter worth approximately $28,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Stock Performance
Shares of MAR stock opened at $175.69 on Friday. The firm has a 50-day moving average of $174.66 and a 200-day moving average of $167.34. The company has a market cap of $53.29 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.35 and a beta of 1.58. The company has a debt-to-equity ratio of 73.56, a current ratio of 0.47 and a quick ratio of 0.47. Marriott International, Inc. has a one year low of $131.01 and a one year high of $183.33.
Marriott International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, May 26th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $2.08 annualized dividend and a yield of 1.18%. This is a positive change from Marriott International’s previous quarterly dividend of $0.40. Marriott International’s dividend payout ratio is presently 24.33%.
Analysts Set New Price Targets
MAR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Marriott International from $168.00 to $177.00 in a research report on Wednesday, May 3rd. Barclays lifted their price objective on shares of Marriott International from $176.00 to $188.00 in a research note on Wednesday, May 3rd. StockNews.com upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. TheStreet lowered shares of Marriott International from a “b” rating to a “c+” rating in a research note on Monday, May 8th. Finally, TD Cowen lifted their price objective on shares of Marriott International from $170.00 to $172.00 and gave the company an “outperform” rating in a research note on Tuesday, March 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $184.00.
Insider Activity at Marriott International
In related news, EVP Peggy Fang Roe sold 1,500 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $181.13, for a total transaction of $271,695.00. Following the completion of the transaction, the executive vice president now owns 17,885 shares in the company, valued at $3,239,510.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Peggy Fang Roe sold 1,500 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $181.13, for a total transaction of $271,695.00. Following the completion of the transaction, the executive vice president now owns 17,885 shares in the company, valued at $3,239,510.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Anthony Capuano sold 16,159 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $176.33, for a total transaction of $2,849,316.47. Following the transaction, the chief executive officer now owns 157,786 shares of the company’s stock, valued at approximately $27,822,405.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,984 shares of company stock worth $3,346,649. 12.32% of the stock is owned by company insiders.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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