From MarketBeat:

Kingswood Wealth Advisors LLC recently purchased a new stake in Marriott International, Inc. They acquired 8,205 shares of the company’s stock, valued at approximately $1,613,000.

Marriott International’s stock performance on NASDAQ is at $225.51, with a 200-day moving average price of $198.79. The company’s market cap is $66.23 billion, with a price-to-earnings ratio of 23.89 and a beta of 1.61.

Marriott International’s board of directors initiated a stock buyback program that authorizes the company to buy back 25,000,000 shares, indicating the belief that the stock is undervalued.

The firm also announced a quarterly dividend, paying shareholders a dividend of $0.52 per share, resulting in a $2.08 annualized dividend and a yield of 0.92%.

Insider transactions at Marriott International include CAO Felitia Lee selling 570 shares of the company’s stock for a total value of $119,745.60.

Multiple brokerages have issued ratings on Marriott International stock, with a consensus rating of “Hold” and an average target price of $213.80.

Marriott International, Inc. operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates its properties under various brands such as JW Marriott, The Ritz-Carlton, and W Hotels.



Read more: Kingswood Wealth Advisors LLC Takes Position in Marriott International, Inc. (NASDAQ:MAR)