Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by AMG National Trust Bank

AMG National Trust Bank boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 410.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,443 shares of the company's stock after purchasing an additional 2,768 shares during the quarter. AMG National Trust Bank's holdings in Marriott International were worth $820,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MAR. Norges Bank bought a new stake in Marriott International in the fourth quarter valued at about $580,922,000. Wellington Management Group LLP increased its position 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 buying an additional 1,570,144 shares during the last quarter. GAMMA Investing LLC increased its position in 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 buying an additional 728,942 shares during the last quarter. Invesco Ltd. grew its position in shares of 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 purchasing an additional 512,963 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Marriott International by 16.3% in the fourth quarter. Northern Trust Corp now owns 2,333,994 shares of the company's stock valued at $651,044,000 after purchasing an additional 327,415 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the sale, the insider owned 5,706 shares in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Melius Research upgraded Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Stifel Nicolaus lowered their price target on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, UBS Group lowered their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of "Moderate Buy" and a consensus target price of $276.90.

Marriott International Stock Performance

Marriott International stock traded down $1.02 during midday trading on Monday, reaching $271.56. 1,294,343 shares of the stock were exchanged, compared to its average volume of 1,588,182. The company's fifty day moving average is $268.54 and its 200-day moving average is $262.17. The firm has a market cap of $74.38 billion, a PE ratio of 28.60, a PEG ratio of 2.61 and a beta of 1.41. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 EPS. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.67 per share. This is a positive change from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, May 23rd. Marriott International's dividend payout ratio (DPR) is currently 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.