Raab & Moskowitz Asset Management LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 42.7% during the first quarter, HoldingsChannel.com reports. The firm owned 4,929 shares of the company’s stock after selling 3,673 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Marriott International were worth $1,612,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evelyn Partners Investment Management Services Ltd purchased a new position in Marriott International during the first quarter valued at $25,000. IMG Wealth Management Inc. grew its stake in shares of Marriott International by 100.0% in the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after acquiring an additional 41 shares during the last quarter. Wilkerson Advisory Group LLC increased its holdings in shares of Marriott International by 127.0% during the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after acquiring an additional 47 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Marriott International in the 4th quarter worth about $27,000. Finally, McMillan Office Inc. bought a new position in Marriott International in the 4th quarter worth about $27,000. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Performance
NASDAQ MAR opened at $372.95 on Friday. Marriott International, Inc. has a one year low of $253.76 and a one year high of $410.98. The stock has a 50-day moving average of $379.52 and a 200 day moving average of $354.20. The company has a market capitalization of $98.34 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 2.94 and a beta of 1.11.
Marriott International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a $0.73 dividend. 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 0.8%. The ex-dividend date was Friday, May 22nd. Marriott International’s dividend payout ratio is 30.64%.
Insider Buying and Selling
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction that occurred on 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 approximately $7,168,650.12. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.43% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on the stock. TD Cowen increased their price objective on shares of Marriott International from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their target price on shares of Marriott International from $446.00 to $449.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Robert W. Baird cut their price target on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Sanford C. Bernstein set a $412.00 price target on shares of Marriott International in a research report on Monday, June 15th. Finally, Stifel Nicolaus boosted their price objective on shares of Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $388.59.
View Our Latest Analysis on Marriott International
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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