Compagnie Lombard Odier SCmA Cuts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Compagnie Lombard Odier SCmA lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 9.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 860 shares of the company’s stock after selling 90 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Marriott International were worth $205,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at $25,000. Bernard Wealth Management Corp. purchased a new stake in Marriott International during the 4th quarter worth $25,000. Bell Investment Advisors Inc increased its stake in Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Marriott International during the 4th quarter worth $34,000. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer now directly owns 124,067 shares in the company, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the sale, the executive vice president now owns 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Marriott International from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Truist Financial dropped their price target on shares of Marriott International from $300.00 to $273.00 and set a “hold” rating on the stock in a research note on Friday, May 30th. Dbs Bank raised shares of Marriott International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 14th. Barclays dropped their price target on shares of Marriott International from $283.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their target price on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.15.

Marriott International Stock Performance

NASDAQ MAR opened at $263.23 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a 50-day simple moving average of $248.75 and a 200-day simple moving average of $265.08. The firm has a market capitalization of $72.10 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the business posted $2.13 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Marriott International’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International’s payout ratio is presently 30.52%.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.