1,630 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,630 shares of the company's stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MAR. Norges Bank acquired a new position in shares of Marriott International in the 4th quarter valued at $580,922,000. Wellington Management Group LLP boosted its stake in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Marriott International by 23,923.3% during the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock worth $174,360,000 after purchasing an additional 728,942 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Marriott International in the 4th quarter valued at about $165,162,000. Finally, Invesco Ltd. boosted its position in shares of Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after purchasing an additional 512,963 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 0.8%

Shares of Marriott International stock traded down $2.12 during trading on Thursday, reaching $259.81. The company's stock had a trading volume of 1,188,803 shares, compared to its average volume of 1,605,319. The business has a 50 day moving average price of $244.40 and a 200-day moving average price of $265.82. The company has a market capitalization of $71.16 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.67 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a yield of 1.03%. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's payout ratio is presently 30.52%.

Insider Buying and Selling at Marriott International

In other news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 20,724 shares of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the firm'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 sale, the chief executive officer now owns 124,067 shares in the company, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

MAR has been the topic of several research analyst reports. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Susquehanna lifted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. UBS Group decreased their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Morgan Stanley dropped their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a research note on Monday, April 21st. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Marriott International currently has an average rating of "Moderate Buy" and an average price target of $275.15.

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.