First Trust Advisors LP Has $61.64 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

First Trust Advisors LP lessened its stake in Marriott International, Inc. (NASDAQ:MARFree Report) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,325 shares of the company’s stock after selling 12,466 shares during the quarter. First Trust Advisors LP owned about 0.09% of Marriott International worth $61,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Caprock Group LLC boosted its stake in shares of Marriott International by 255.1% in the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after purchasing an additional 8,463 shares during the last quarter. Parnassus Investments LLC boosted its stake in shares of Marriott International by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,457,382 shares of the company’s stock valued at $554,164,000 after purchasing an additional 7,135 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Marriott International by 3.5% in the 4th quarter. Stifel Financial Corp now owns 124,569 shares of the company’s stock valued at $28,092,000 after purchasing an additional 4,247 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after purchasing an additional 20,890 shares during the last quarter. Finally, First Pacific Advisors LP boosted its stake in shares of Marriott International by 1.4% in the 4th quarter. First Pacific Advisors LP now owns 598,350 shares of the company’s stock valued at $134,934,000 after purchasing an additional 8,151 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling

In related news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.32% of the stock is currently owned by company insiders.

Marriott International Price Performance

NASDAQ:MAR opened at $231.10 on Friday. Marriott International, Inc. has a one year low of $170.03 and a one year high of $260.57. The company has a market cap of $66.01 billion, a P/E ratio of 23.85, a P/E/G ratio of 4.38 and a beta of 1.60. The firm’s fifty day moving average price is $239.70 and its two-hundred day moving average price is $235.53.

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

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be given a dividend of $0.63 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.52 annualized dividend and a yield of 1.09%. Marriott International’s dividend payout ratio is currently 26.01%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAR. Wells Fargo & Company reduced their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Truist Financial lifted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Mizuho lifted their price objective on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $241.33.

Check Out Our Latest Report on MAR

Marriott International Company 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

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

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