Cetera Investment Advisers Has $16.80 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Cetera Investment Advisers lifted its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,237 shares of the company's stock after acquiring an additional 3,958 shares during the quarter. Cetera Investment Advisers' holdings in Marriott International were worth $16,802,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. This represents a 18.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares of the company's stock, valued at approximately $7,089,714.45. This represents a 12.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last 90 days. Insiders own 10.68% of the company's stock.

Marriott International Price Performance

Shares of MAR stock traded up $13.99 during trading hours on Monday, hitting $271.96. 2,551,048 shares of the company's stock were exchanged, compared to its average volume of 1,605,977. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market cap of $74.49 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. The stock's 50-day moving average is $237.91 and its 200-day moving average is $266.51.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter last year, the company posted $2.13 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, May 23rd. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is 28.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MAR shares. Truist Financial reduced their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a report on Friday, March 21st. Robert W. Baird upped their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Barclays cut their price objective on Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $226.00 to $303.00 in a research report on Monday. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $276.60.

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.