Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 128,363 shares of the company's stock after selling 2,172 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Marriott International were worth $30,576,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wescott Financial Advisory Group LLC raised its stake in Marriott International by 0.6% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock valued at $1,549,000 after purchasing an additional 35 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of Marriott International by 0.9% in the fourth quarter. Meridian Wealth Management LLC now owns 4,750 shares of the company's stock valued at $1,325,000 after buying an additional 42 shares during the last quarter. Obsidian Personal Planning Solutions LLC lifted its stake in shares of Marriott International by 2.2% during the fourth quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after buying an additional 44 shares during the period. Flputnam Investment Management Co. grew its stake in Marriott International by 4.8% in the 4th quarter. Flputnam Investment Management Co. now owns 1,101 shares of the company's stock worth $307,000 after acquiring an additional 50 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Marriott International by 2.4% in the 4th quarter. Lindbrook Capital LLC now owns 2,138 shares of the company's stock valued at $596,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Down 1.0%

Shares of MAR traded down $2.74 during mid-day trading on Wednesday, reaching $265.99. 1,514,009 shares of the stock traded hands, compared to its average volume of 1,602,189. The firm has a market cap of $72.85 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 3.26 and a beta of 1.42. The stock has a fifty day simple moving average of $254.63 and a 200 day simple moving average of $263.33. 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 announced its 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. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period last year, the firm earned $2.13 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share 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. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. 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 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International's dividend payout ratio is 30.52%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and upped their target price for the company from $226.00 to $303.00 in a research note on Monday, May 12th. UBS Group dropped their price objective 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. Truist Financial decreased their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Stifel Nicolaus dropped their price target on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Finally, BMO Capital Markets boosted their price objective on shares of Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $275.90.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares of the company's stock, valued at $5,599,832.04. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 124,067 shares in the company, valued at $32,741,281.30. This 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.

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.