Assenagon Asset Management S.A. Sells 119 Shares of Marriott International, Inc. (NASDAQ:MAR)

Assenagon Asset Management S.A. trimmed its position in Marriott International, Inc. (NASDAQ:MARFree Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,964 shares of the company’s stock after selling 119 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Marriott International were worth $1,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Roble Belko & Company Inc grew its position in shares of Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. ORG Partners LLC grew its stake in shares of Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the last quarter. Keener Financial Planning LLC bought a new stake in shares of Marriott International during the fourth quarter worth $30,000. Annapolis Financial Services LLC bought a new stake in shares of Marriott International during the first quarter worth $34,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Marriott International during the fourth quarter worth $31,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Performance

MAR traded down $2.05 during midday trading on Tuesday, reaching $238.28. The company had a trading volume of 839,673 shares, compared to its average volume of 1,429,300. The stock has a market cap of $68.06 billion, a PE ratio of 24.80, a P/E/G ratio of 4.49 and a beta of 1.61. The business has a 50-day moving average price of $244.95 and a two-hundred day moving average price of $232.67. Marriott International, Inc. has a 12-month low of $165.13 and a 12-month high of $260.57.

Marriott International (NASDAQ:MARGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 earnings per share. On average, research analysts anticipate that Marriott International, Inc. will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be paid a dividend of $0.63 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.52. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 23rd. Marriott International’s dividend payout ratio is presently 21.47%.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,431 shares of company stock worth $7,071,260. 10.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MAR. Robert W. Baird lifted their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. UBS Group upped their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Truist Financial upped their price objective on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Mizuho upped their price objective on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Barclays upped their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $241.33.

Get Our Latest Research Report on Marriott International

Marriott International Profile

(Free Report)

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

Further Reading

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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