PFS Partners LLC Sells 102 Shares of Marriott International, Inc. (NASDAQ:MAR)

PFS Partners LLC lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,183 shares of the company’s stock after selling 102 shares during the quarter. Marriott International accounts for about 0.4% of PFS Partners LLC’s holdings, making the stock its 23rd largest position. PFS Partners LLC’s holdings in Marriott International were worth $758,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MAR. Farther Finance Advisors LLC increased its stake in Marriott International by 123.4% in the first quarter. Farther Finance Advisors LLC now owns 6,933 shares of the company’s stock valued at $1,652,000 after acquiring an additional 3,829 shares during the period. Tilia Fiduciary Partners Inc. grew its stake in shares of Marriott International by 2.1% in the 1st quarter. Tilia Fiduciary Partners Inc. now owns 9,961 shares of the company’s stock valued at $2,373,000 after purchasing an additional 201 shares during the period. OLD National Bancorp IN raised its holdings in shares of Marriott International by 12.8% in the 1st quarter. OLD National Bancorp IN now owns 1,259 shares of the company’s stock worth $300,000 after buying an additional 143 shares in the last quarter. Constitution Capital LLC lifted its position in shares of Marriott International by 81.8% during the 1st quarter. Constitution Capital LLC now owns 2,000 shares of the company’s stock worth $476,000 after buying an additional 900 shares during the period. Finally, Pitti Group Wealth Management LLC grew its position in Marriott International by 2.8% in the first quarter. Pitti Group Wealth Management LLC now owns 2,457 shares of the company’s stock valued at $585,000 after acquiring an additional 67 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Up 2.2%

Shares of NASDAQ:MAR opened at $265.63 on Monday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock has a market capitalization of $72.75 billion, a P/E ratio of 31.93, a P/E/G ratio of 3.42 and a beta of 1.42. The business has a 50-day moving average price of $245.38 and a two-hundred day moving average price of $265.35.

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

Marriott International Increases Dividend

The business 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 $0.67 dividend. This is a positive change from Marriott International’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 1.01%. Marriott International’s dividend payout ratio is presently 30.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho cut their price objective on Marriott International from $293.00 to $285.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Barclays reduced 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 report on Tuesday, April 22nd. Stifel Nicolaus dropped their price objective on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating for the company in a report on Wednesday, April 16th. Melius Research raised Marriott International to a “strong-buy” rating in a report on Monday, April 21st. Finally, UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a “neutral” rating for the company in a report on Wednesday, May 21st. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Moderate Buy” and a consensus target price of $275.15.

Insiders Place Their Bets

In other Marriott International news, 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 value of $270,210.00. Following the completion of the transaction, the executive vice president now directly owns 20,724 shares of the company’s stock, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total value 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. This represents a 8.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.68% of the company’s stock.

Marriott International Company Profile

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.