Cwm LLC Has $9.93 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Cwm LLC reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 2.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 41,683 shares of the company’s stock after selling 1,110 shares during the period. Cwm LLC’s holdings in Marriott International were worth $9,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International in the 4th quarter valued at $25,000. Kapitalo Investimentos Ltda bought a new position in shares of Marriott International in the 4th quarter worth $34,000. Heck Capital Advisors LLC bought a new position in shares of Marriott International in the 4th quarter worth $38,000. Sound Income Strategies LLC boosted its position in shares of Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, Navigoe LLC bought a new position in shares of Marriott International in the 4th quarter worth $44,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAR. Stifel Nicolaus reduced their price target on Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley reduced their target price on Marriott International from $275.00 to $267.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Mizuho reduced their target price on Marriott International from $293.00 to $285.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group upgraded Marriott International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Finally, Barclays reduced their target price on Marriott International from $283.00 to $236.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Thirteen research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $275.90.

Marriott International Price Performance

Shares of Marriott International stock opened at $282.87 on Tuesday. The stock’s 50-day moving average is $267.19 and its 200-day moving average is $262.31. The firm has a market cap of $77.48 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 3.47 and a beta of 1.41. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. Marriott International’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. On average, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 23rd were given a $0.67 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Marriott International’s previous quarterly dividend of $0.63. Marriott International’s payout ratio is currently 30.52%.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the transaction, the chief executive officer owned 124,067 shares of the company’s stock, valued at $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the transaction, the executive vice president directly owned 20,724 shares in the company, valued at approximately $5,599,832.04. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,500 shares of company stock valued at $4,107,710. 10.68% of the stock is owned by insiders.

Marriott International Company Profile

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, City Express by Marriott, and St.