Groupe la Francaise bought a new stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,403 shares of the company’s stock, valued at approximately $784,000.
Other large investors have also made changes to their positions in the company. Frederick Financial Consultants LLC grew its position in Marriott International by 0.8% during the fourth quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock worth $1,095,000 after buying an additional 28 shares during the period. Haven Capital Group Inc. lifted its position in shares of Marriott International by 0.3% during the 1st quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock valued at $3,292,000 after acquiring an additional 30 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Marriott International by 1.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,472 shares of the company’s stock worth $808,000 after acquiring an additional 30 shares in the last quarter. Paragon Private Wealth Management LLC grew its holdings in shares of Marriott International by 4.4% in the 1st quarter. Paragon Private Wealth Management LLC now owns 743 shares of the company’s stock worth $243,000 after acquiring an additional 31 shares during the period. Finally, Transamerica Financial Advisors LLC increased its stake in Marriott International by 34.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 120 shares of the company’s stock valued at $37,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.
Marriott International Stock Down 0.7%
MAR opened at $372.95 on Friday. The firm has a market cap of $98.34 billion, a P/E ratio of 39.13, a PEG ratio of 2.92 and a beta of 1.11. The business’s fifty day simple moving average is $379.52 and its 200 day simple moving average is $354.20. Marriott International, Inc. has a 52 week low of $253.76 and a 52 week high of $410.98.
Marriott International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 22nd. This is an increase from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio is presently 30.64%.
Analyst Ratings Changes
MAR has been the topic of a number of research analyst reports. TD Cowen boosted their target price on Marriott International from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Susquehanna lifted their price target on Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. UBS Group increased 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. Wells Fargo & Company raised their target price on shares of Marriott International from $446.00 to $449.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Morgan Stanley upped their price target on shares of Marriott International from $353.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.59.
Read Our Latest Analysis on MAR
Insider Buying and Selling at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the sale, the executive vice president owned 19,827 shares in the company, valued at $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.43% of the stock is currently owned by corporate 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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