Achmea Investment Management B.V. Buys 1,809 Shares of Marriott International, Inc. (NASDAQ:MAR)

Achmea Investment Management B.V. boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 55.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,082 shares of the company's stock after acquiring an additional 1,809 shares during the quarter. Achmea Investment Management B.V.'s holdings in Marriott International were worth $1,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $25,000. Bernard Wealth Management Corp. acquired a new stake in Marriott International in the fourth quarter worth about $25,000. Bell Investment Advisors Inc lifted its position in Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of Marriott International in the 4th quarter valued at about $34,000. Finally, Sound Income Strategies LLC grew its position in shares of Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Up 1.6%

Shares of MAR stock traded up $4.49 during trading on Tuesday, reaching $277.70. The company's stock had a trading volume of 635,867 shares, compared to its average volume of 1,590,038. The company has a market cap of $76.06 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 3.37 and a beta of 1.42. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business has a fifty day moving average price of $258.77 and a 200-day moving average price of $262.64.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. Research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 23rd were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio is presently 30.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MAR shares. BMO Capital Markets increased their target price on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Robert W. Baird lifted their price target on shares of Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Melius Research raised Marriott International to a "strong-buy" rating in a research note on Monday, April 21st. Truist Financial decreased their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research note on Friday, May 30th. Finally, UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Marriott International presently has an average rating of "Moderate Buy" and an average target price of $275.90.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the sale, the chief executive officer owned 124,067 shares in the company, valued at $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the transaction, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This represents a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,500 shares of company stock valued at $4,107,710. 10.68% of the stock is owned by corporate insiders.

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.