American National Bank & Trust Boosts Holdings in Marriott International, Inc. (NASDAQ:MAR)

American National Bank & Trust boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,048 shares of the company's stock after acquiring an additional 1,513 shares during the period. American National Bank & Trust's holdings in Marriott International were worth $8,110,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock worth $2,479,000 after purchasing an additional 218 shares during the period. Perigon Wealth Management LLC raised its holdings in shares of Marriott International by 14.6% in the 4th quarter. Perigon Wealth Management LLC now owns 2,767 shares of the company's stock valued at $764,000 after purchasing an additional 353 shares in the last quarter. Strategic Blueprint LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at $562,000. Swedbank AB raised its holdings in shares of Marriott International by 6.6% in the 4th quarter. Swedbank AB now owns 67,548 shares of the company's stock valued at $18,842,000 after purchasing an additional 4,162 shares in the last quarter. Finally, Mediolanum International Funds Ltd raised its holdings in shares of Marriott International by 126.0% in the 4th quarter. Mediolanum International Funds Ltd now owns 19,296 shares of the company's stock valued at $5,396,000 after purchasing an additional 10,758 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were 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 of the company's stock, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the sale, the executive vice president now directly owns 20,724 shares in the company, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on MAR shares. Barclays dropped their target price on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Melius Research raised shares of Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Robert W. Baird boosted their price objective on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group restated a "neutral" rating and issued a $245.00 target price (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Finally, Susquehanna increased their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Thirteen investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $275.15.

Marriott International Stock Up 0.2%

NASDAQ:MAR traded up $0.58 during trading hours on Thursday, hitting $262.51. 465,526 shares of the stock were exchanged, compared to its average volume of 1,602,544. The company's 50 day moving average is $244.40 and its two-hundred day moving average is $265.82. The company has a market capitalization of $71.90 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a twelve month low of $204.55 and a twelve 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 (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.07. The business 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 9.46% and a negative return on equity of 116.67%. Marriott International's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. On average, equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be paid a $0.67 dividend. This is a boost from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International's payout ratio is 30.52%.

About Marriott International

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.