Sapient Capital LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,258 shares of the company’s stock after selling 1,915 shares during the quarter. Sapient Capital LLC’s holdings in Marriott International were worth $19,374,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Frederick Financial Consultants LLC grew its stake in Marriott International by 0.8% in the 4th quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock valued at $1,095,000 after buying an additional 28 shares in the last quarter. Haven Capital Group Inc. boosted its holdings in shares of Marriott International by 0.3% in the first quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock worth $3,292,000 after acquiring an additional 30 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Marriott International by 1.2% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,472 shares of the company’s stock valued at $808,000 after purchasing an additional 30 shares in the last quarter. Paragon Private Wealth Management LLC raised its stake in shares of Marriott International by 4.4% during the 1st quarter. Paragon Private Wealth Management LLC now owns 743 shares of the company’s stock valued at $243,000 after purchasing an additional 31 shares during the period. Finally, Transamerica Financial Advisors LLC boosted 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 worth $37,000 after purchasing an additional 31 shares during the period. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Performance
Marriott International stock opened at $372.95 on Monday. Marriott International, Inc. has a fifty-two week low of $253.76 and a fifty-two week high of $410.98. The stock has a market cap of $98.34 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 2.92 and a beta of 1.11. The firm’s fifty day moving average price is $379.52 and its 200-day moving average price is $354.41.
Marriott International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s payout ratio is 30.64%.
Wall Street Analyst Weigh In
MAR has been the topic of several analyst reports. Sanford C. Bernstein set a $412.00 price target on Marriott International in a research report on Monday, June 15th. Robert W. Baird reduced their price objective on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Stifel Nicolaus increased their target price on shares of Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. UBS Group boosted their price target on shares of Marriott International from $336.00 to $412.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Finally, Morgan Stanley lifted their price objective on Marriott International from $353.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $388.59.
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 transaction of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.43% of the stock is owned by insiders.
About Marriott International
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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