Integrated Wealth Concepts LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 51.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,437 shares of the company’s stock after purchasing an additional 1,510 shares during the period. Integrated Wealth Concepts LLC’s holdings in Marriott International were worth $737,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Resurgent Financial Advisors LLC bought a new position in Marriott International during the fourth quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Marriott International during the fourth quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in Marriott International during the fourth quarter worth about $28,000. Coppell Advisory Solutions Corp. bought a new position in Marriott International during the fourth quarter worth about $28,000. Finally, TLW Wealth Management LLC bought a new position in Marriott International during the fourth quarter worth about $32,000. 58.53% of the stock is currently owned by institutional investors.
Marriott International Trading Up 1.5 %
Shares of MAR stock opened at $204.74 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 73.56. The stock has a market cap of $62.11 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. The stock has a 50 day simple moving average of $182.82 and a 200 day simple moving average of $174.37. Marriott International, Inc. has a 1 year low of $135.90 and a 1 year high of $205.94.
Marriott International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, May 26th were given a dividend of $0.52 per share. This is an increase from Marriott International’s previous quarterly dividend of $0.40. This represents a $2.08 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, May 25th. Marriott International’s payout ratio is currently 24.33%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on MAR. Barclays lifted their price target on Marriott International from $188.00 to $189.00 and gave the company an “equal weight” rating in a research note on Friday, July 21st. Wells Fargo & Company boosted their price target on Marriott International from $183.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. StockNews.com raised Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. TheStreet downgraded Marriott International from a “b” rating to a “c+” rating in a research report on Monday, May 8th. Finally, 888 reissued a “maintains” rating on shares of Marriott International in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $187.67.
Insider Buying and Selling at Marriott International
In other news, CEO Anthony Capuano sold 16,159 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $176.33, for a total transaction of $2,849,316.47. Following the completion of the transaction, the chief executive officer now directly owns 157,786 shares in the company, valued at $27,822,405.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Eric Hippeau sold 4,300 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $174.39, for a total transaction of $749,877.00. Following the transaction, the director now owns 4,072 shares of the company’s stock, valued at approximately $710,116.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owns 157,786 shares in the company, valued at approximately $27,822,405.38. The disclosure for this sale can be found here. Insiders sold a total of 22,659 shares of company stock worth $3,994,613 over the last three months. Corporate insiders own 12.32% of the company’s stock.
About Marriott International
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.
Featured Articles
- Five stocks we like better than Marriott International
- What Are Trending Stocks? Trending Stocks Explained
- JetBlue Airlines May Have Entered A Buy Zone, Check This First
- Best Stocks Under $5.00
- Investors Are Staying Bullish On Marriot International
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Do Caterpillar’s Results Hint at a Looming Infrastructure Bubble?
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.
