Cooper Financial Group, an institutional investor, has sold 19.9% of its holdings in Marriott International, Inc. (NASDAQ:MAR) during the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The group now owns 2,341 shares of the company’s stock, with a value of $430,000. Other institutional investors, such as Wellington Management Group LLP and Norges Bank, have also made modifications to their holdings of MAR.
Marriott International’s stock opened at $203.16 on Friday. The company has a market cap of $60.59 billion and a P/E ratio of 22.90. It has a 52-week low of $135.90 and a 52-week high of $210.98.
Marriott International recently announced that it will pay a quarterly dividend of $0.52 per share to stockholders of record on Thursday, August 17th. The dividend will be paid on Friday, September 29th. The company has a dividend payout ratio (DPR) of 23.45%.
Insider transactions at Marriott International include the sale of 800 shares by CAO Felitia Lee for a total value of $164,112, and the sale of 4,300 shares by Director Eric Hippeau for a total value of $749,877.
A number of analysts have recently reported on the stock, with the majority giving it a “hold” rating. The average target price for Marriott International is $211.08.
Sources:
- SEC Filing
- MarketBeat.com