Uhlmann Price Securities LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,344 shares of the company’s stock, valued at approximately $436,000.
Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after buying an additional 218 shares during the period. Empowered Funds LLC boosted its position in shares of Marriott International by 39.1% in the first quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock worth $1,383,000 after acquiring an additional 1,631 shares during the last quarter. Woodline Partners LP grew its holdings in Marriott International by 39.6% in the first quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock valued at $4,605,000 after purchasing an additional 5,480 shares during the period. Intech Investment Management LLC increased its position in Marriott International by 21.8% during the first quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock worth $1,438,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Marriott International by 3.8% during the second quarter. Sei Investments Co. now owns 137,329 shares of the company’s stock worth $37,520,000 after purchasing an additional 5,007 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.
Marriott International Price Performance
Marriott International stock opened at $396.20 on Friday. The firm has a fifty day moving average of $371.76 and a 200-day moving average of $340.33. Marriott International, Inc. has a 52-week low of $253.76 and a 52-week high of $410.98. The firm has a market capitalization of $104.47 billion, a P/E ratio of 41.57, a PEG ratio of 3.15 and a beta of 1.10.
Marriott International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, May 22nd. Marriott International’s payout ratio is presently 30.64%.
Insider Buying and Selling at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 19,827 shares in the company, valued at approximately $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.43% of the stock is owned by insiders.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Marriott International from $336.00 to $412.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Sanford C. Bernstein set a $412.00 target price on Marriott International in a research report on Monday, June 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research report on Monday, May 11th. Morgan Stanley upped their price target on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. raised their price objective on Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $384.73.
View Our Latest Analysis 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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