MinichMacGregor Wealth Management LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,236 shares of the company’s stock after selling 1,520 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Marriott International were worth $6,946,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Kemnay Advisory Services Inc. acquired a new stake in shares of Marriott International during the fourth quarter worth about $27,000. McMillan Office Inc. acquired a new stake in Marriott International during the 4th quarter worth approximately $27,000. Triumph Capital Management bought a new position in Marriott International in the third quarter valued at approximately $28,000. Basepoint Wealth LLC bought a new stake in shares of Marriott International during the fourth quarter worth $28,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Marriott International during the fourth quarter worth $31,000. 70.70% of the stock is owned by institutional investors and hedge funds.
Marriott International Price Performance
Shares of NASDAQ MAR opened at $383.64 on Thursday. The business has a 50-day moving average of $373.52 and a 200-day moving average of $342.33. The stock has a market capitalization of $101.16 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 3.08 and a beta of 1.10. Marriott International, Inc. has a fifty-two week low of $253.76 and a fifty-two week high of $410.98.
Marriott International Increases Dividend
The business also recently disclosed 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. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s payout ratio is currently 30.64%.
Trending Headlines about Marriott International
Here are the key news stories impacting Marriott International this week:
- Positive Sentiment: Marriott reached an agreement with Blacksand to develop 10 hotels in Saudi Arabia, signaling continued brand expansion and potential future fee growth. Marriott and Blacksand to develop 10 hotels in Saudi Arabia
- Positive Sentiment: Marriott plans to add 100 new hotels in China with CG Hospitality, expanding its pipeline in another major international market. Marriott plans 100 new hotels in China with CG Hospitality partnership
- Positive Sentiment: Marriott opened a new St. Regis resort in Mexico, showing continued momentum in luxury openings and broadening its resort footprint. Marriott opens new St. Regis resort in Mexico
- Neutral Sentiment: Marriott CEO comments on AI agents suggest the company sees technology as more of a threat to online travel agencies than to hotels, but the impact on MAR’s earnings is indirect for now. Marriott CEO: Why AI Agents Threaten Online Travel Agencies, Not Hotels
- Neutral Sentiment: Reports about hotel owners seeking more Bonvoy revenue point to ongoing negotiations around loyalty economics, but there is no clear immediate financial impact yet. Marriott (MAR) Hotel Owners Seek More Bonvoy Revenue
- Neutral Sentiment: General “best hotel stocks” and “hotel stocks to watch” roundups may reflect sector interest, but they are not company-specific catalysts. Best Hotel Stocks To Follow Now – June 23rd Hotel Stocks To Watch Now – June 22nd
Analyst Ratings Changes
A number of brokerages recently weighed in on MAR. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Mizuho upped their price objective on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Barclays lifted their target price on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley boosted their target price on Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $384.73.
Check Out Our Latest Stock Analysis on MAR
Insider Buying and Selling at Marriott International
In related news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.43% of the company’s stock.
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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