CSM Advisors LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 72.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,760 shares of the company’s stock after selling 25,208 shares during the period. CSM Advisors LLC’s holdings in Marriott International were worth $2,542,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Marriott International during the 2nd quarter worth about $638,968,000. Wellington Management Group LLP raised its position in Marriott International by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock worth $2,389,635,000 after purchasing an additional 1,637,119 shares during the period. Boston Partners bought a new stake in Marriott International in the second quarter worth about $196,579,000. Massachusetts Financial Services Co. MA boosted its position in shares of Marriott International by 7.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,921,767 shares of the company’s stock valued at $1,281,825,000 after buying an additional 330,952 shares during the period. Finally, Laurel Wealth Advisors LLC grew its stake in shares of Marriott International by 27,221.0% during the second quarter. Laurel Wealth Advisors LLC now owns 315,558 shares of the company’s stock valued at $86,214,000 after buying an additional 314,403 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.
Marriott International Stock Up 2.6%
MAR opened at $321.84 on Tuesday. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $370.00. The company has a market capitalization of $85.28 billion, a P/E ratio of 33.91, a PEG ratio of 2.77 and a beta of 1.09. The stock’s fifty day moving average is $331.14 and its two-hundred day moving average is $299.23.
Marriott International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, February 26th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, February 26th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Marriott International’s dividend payout ratio (DPR) is 28.24%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on MAR shares. Jefferies Financial Group raised their price target on Marriott International from $357.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Morgan Stanley increased their target price on Marriott International from $328.00 to $331.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. Wells Fargo & Company boosted their target price on shares of Marriott International from $353.00 to $403.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. upped their price target on shares of Marriott International from $323.00 to $356.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Finally, Citigroup lifted their price objective on shares of Marriott International from $285.00 to $345.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.47.
Get Our Latest Stock Report on Marriott International
Insiders Place Their Bets
In related news, insider Rajeev Menon sold 3,492 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $354.00, for a total value of $1,236,168.00. Following the completion of the transaction, the insider owned 6,000 shares of the company’s stock, valued at $2,124,000. The trade was a 36.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony Capuano sold 63,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $359.22, for a total value of $22,630,860.00. Following the sale, the chief executive officer owned 113,617 shares of the company’s stock, valued at approximately $40,813,498.74. This represents a 35.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 95,540 shares of company stock worth $34,274,055. 10.68% of the stock is owned by corporate insiders.
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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