Czech National Bank Raises Holdings in Marriott International, Inc. (NASDAQ:MAR)

Czech National Bank grew its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,558 shares of the company's stock after purchasing an additional 2,548 shares during the quarter. Czech National Bank's holdings in Marriott International were worth $12,519,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Hopwood Financial Services Inc. bought a new position in shares of Marriott International in the 4th quarter worth about $25,000. Bernard Wealth Management Corp. bought a new position in shares of Marriott International during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc lifted its holdings in shares of Marriott International by 112.2% during the fourth 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 last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International in the 4th quarter worth approximately $33,000. Finally, Kapitalo Investimentos Ltda bought a new position in Marriott International during the 4th quarter valued at approximately $34,000. Institutional investors own 70.70% of the company's stock.

Marriott International Trading Up 1.2%

MAR stock traded up $3.19 during trading on Tuesday, reaching $264.40. The stock had a trading volume of 1,358,218 shares, compared to its average volume of 1,607,827. The firm has a market cap of $72.42 billion, a PE ratio of 31.78, a PEG ratio of 3.42 and a beta of 1.39. The stock's 50 day moving average is $243.51 and its two-hundred day moving average is $265.86. 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 issued its quarterly earnings data 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. The firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 EPS. On average, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 is an increase from Marriott International's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 1.01%. Marriott International's payout ratio is 30.52%.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares in the company, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 124,067 shares in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.68% of the company's stock.

Analyst Ratings Changes

MAR has been the subject of several analyst reports. Susquehanna raised their price target on 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 target price 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. The Goldman Sachs Group reiterated a "neutral" rating and set a $245.00 price target (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Robert W. Baird boosted their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, 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. Thirteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and an average target price 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.