Fifth Third Bancorp lifted its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,531 shares of the company’s stock after buying an additional 4,615 shares during the period. Fifth Third Bancorp’s holdings in Marriott International were worth $25,661,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of the business. Lazari Capital Management Inc. boosted its holdings in shares of Marriott International by 1.6% during the 3rd quarter. Lazari Capital Management Inc. now owns 2,356 shares of the company’s stock worth $614,000 after purchasing an additional 37 shares during the last quarter. L2 Asset Management LLC boosted its stake in Marriott International by 4.0% during the second quarter. L2 Asset Management LLC now owns 996 shares of the company’s stock worth $272,000 after buying an additional 38 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of Marriott International by 2.5% in the 2nd quarter. AE Wealth Management LLC now owns 1,622 shares of the company’s stock worth $443,000 after acquiring an additional 40 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Marriott International by 1.2% during the 3rd quarter. HBK Sorce Advisory LLC now owns 3,512 shares of the company’s stock worth $935,000 after acquiring an additional 40 shares during the period. Finally, Connable Office Inc. boosted its position in shares of Marriott International by 0.3% during the 2nd quarter. Connable Office Inc. now owns 11,766 shares of the company’s stock valued at $3,215,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.
Marriott International Stock Performance
NASDAQ MAR opened at $353.89 on Tuesday. The firm has a market cap of $93.77 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 3.07 and a beta of 1.13. The firm has a 50 day simple moving average of $319.59 and a 200-day simple moving average of $289.08. Marriott International, Inc. has a one year low of $205.40 and a one year high of $370.00.
Marriott International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, February 26th will be given a $0.67 dividend. The ex-dividend date of this dividend is Thursday, February 26th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Marriott International’s dividend payout ratio is currently 28.24%.
Insider Buying and Selling at Marriott International
In related news, CAO Felitia Lee sold 1,617 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $305.98, for a total transaction of $494,769.66. Following the completion of the transaction, the chief accounting officer owned 4,893 shares in the company, valued at approximately $1,497,160.14. The trade was a 24.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.68% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MAR. Barclays lifted their target price on shares of Marriott International from $320.00 to $356.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Truist Financial lifted their price target on shares of Marriott International from $283.00 to $350.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Evercore increased their price objective on Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group lifted their target price on Marriott International from $355.00 to $398.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. increased their price target on Marriott International from $323.00 to $356.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Two 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $343.27.
Get Our Latest Research Report on MAR
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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