Ullmann Wealth Partners Group LLC raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 67.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,406 shares of the company’s stock after acquiring an additional 2,182 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Marriott International were worth $1,677,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of MAR. Brighton Jones LLC raised its holdings in Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after acquiring an additional 218 shares during the period. Empowered Funds LLC raised its holdings in Marriott International by 39.1% during the first quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock valued at $1,383,000 after acquiring an additional 1,631 shares during the period. Woodline Partners LP raised its holdings in Marriott International by 39.6% during the first quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock valued at $4,605,000 after acquiring an additional 5,480 shares during the period. Intech Investment Management LLC raised its holdings in Marriott International by 21.8% during the first quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock valued at $1,438,000 after acquiring an additional 1,079 shares during the period. Finally, Sei Investments Co. raised its holdings in Marriott International by 3.8% during the second quarter. Sei Investments Co. now owns 137,329 shares of the company’s stock valued at $37,520,000 after acquiring an additional 5,007 shares during the period. 70.70% of the stock is owned by institutional investors.
Marriott International Trading Up 2.8%
MAR opened at $397.06 on Friday. The firm has a market cap of $104.70 billion, a P/E ratio of 41.66, a P/E/G ratio of 3.07 and a beta of 1.10. Marriott International, Inc. has a 12 month low of $253.55 and a 12 month high of $398.96. The stock 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. 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%. Marriott International’s payout ratio is 30.64%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on MAR. Susquehanna raised their price objective on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Mizuho raised their price objective on Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley raised their price objective on Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Robert W. Baird cut their price objective on Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Finally, Wells Fargo & Company raised their price objective on Marriott International to $446.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $382.07.
Get Our Latest Report on Marriott International
Insider Transactions at Marriott International
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.43% of the stock is currently owned by insiders.
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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