Savant Capital LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 36.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,324 shares of the company’s stock after selling 16,108 shares during the period. Savant Capital LLC’s holdings in Marriott International were worth $8,787,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Optimize Financial Inc grew its holdings in Marriott International by 1.4% during the fourth quarter. Optimize Financial Inc now owns 2,284 shares of the company’s stock valued at $709,000 after purchasing an additional 32 shares during the period. Riversedge Advisors LLC grew its holdings in Marriott International by 3.0% during the fourth quarter. Riversedge Advisors LLC now owns 1,149 shares of the company’s stock valued at $357,000 after purchasing an additional 33 shares during the period. Modera Wealth Management LLC grew its holdings in Marriott International by 0.7% during the fourth quarter. Modera Wealth Management LLC now owns 4,747 shares of the company’s stock valued at $1,473,000 after purchasing an additional 33 shares during the period. Catalyst Financial Partners LLC grew its holdings in Marriott International by 3.3% during the third quarter. Catalyst Financial Partners LLC now owns 1,104 shares of the company’s stock valued at $288,000 after purchasing an additional 35 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Marriott International by 3.7% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 970 shares of the company’s stock valued at $301,000 after purchasing an additional 35 shares during the period. 70.70% of the stock is owned by institutional investors.
Marriott International Price Performance
Marriott International stock opened at $375.60 on Friday. Marriott International, Inc. has a one year low of $253.55 and a one year high of $388.37. The business has a fifty day moving average price of $353.03 and a 200-day moving average price of $330.03. The firm has a market capitalization of $99.04 billion, a P/E ratio of 39.41, a PEG ratio of 3.06 and a beta of 1.11.
Marriott International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued 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 dividend on an annualized basis and a dividend yield of 0.8%. Marriott International’s dividend payout ratio is 30.64%.
Insider Activity
In related news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction on 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 11.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Truist Financial increased their price objective on Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company increased their price objective on Marriott International to $446.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on Marriott International from $356.00 to $383.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Finally, Morgan Stanley raised their price target on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $382.07.
Check Out Our Latest Analysis on MAR
Marriott International Company 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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