Invesco LLC Increases Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Invesco LLC boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 13.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,834 shares of the company’s stock after buying an additional 211 shares during the quarter. Invesco LLC’s holdings in Marriott International were worth $437,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MAR. FMR LLC lifted its holdings in shares of Marriott International by 0.8% during the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock worth $1,945,299,000 after acquiring an additional 56,978 shares during the period. Geode Capital Management LLC increased its holdings in shares of Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after buying an additional 60,458 shares during the last quarter. Capital International Investors boosted its holdings in Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock valued at $1,316,682,000 after acquiring an additional 15,923 shares during the last quarter. Wellington Management Group LLP increased its stake in Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after acquiring an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after buying an additional 512,963 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Marriott International from a “hold” rating to a “buy” rating and raised their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Robert W. Baird boosted their target price on shares of Marriott International from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Truist Financial cut their target price on shares of Marriott International from $300.00 to $273.00 and set a “hold” rating on the stock in a report on Friday, May 30th. Mizuho lowered their price objective on Marriott International from $293.00 to $285.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Dbs Bank upgraded shares of Marriott International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $275.90.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the company’s stock in a transaction 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 now owns 124,067 shares of the company’s stock, valued at approximately $32,741,281.30. This represents a 8.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president now directly owns 20,724 shares of the company’s stock, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is owned by corporate insiders.

Marriott International Trading Up 1.5%

NASDAQ MAR opened at $264.11 on Tuesday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock’s 50 day moving average is $253.70 and its two-hundred day moving average is $263.29. The company has a market capitalization of $72.34 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 3.21 and a beta of 1.42.

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

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from Marriott International’s previous quarterly dividend of $0.63. Marriott International’s payout ratio is 30.52%.

Marriott International 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.