Farther Finance Advisors LLC Boosts Holdings in Marriott International, Inc. (NASDAQ:MAR)

Farther Finance Advisors LLC increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 123.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,933 shares of the company's stock after purchasing an additional 3,829 shares during the period. Farther Finance Advisors LLC's holdings in Marriott International were worth $1,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAR. Tilia Fiduciary Partners Inc. increased its holdings in shares of Marriott International by 2.1% during the 1st quarter. Tilia Fiduciary Partners Inc. now owns 9,961 shares of the company's stock worth $2,373,000 after buying an additional 201 shares during the last quarter. OLD National Bancorp IN grew its holdings in shares of Marriott International by 12.8% during the 1st quarter. OLD National Bancorp IN now owns 1,259 shares of the company's stock worth $300,000 after purchasing an additional 143 shares during the period. Constitution Capital LLC raised its holdings in Marriott International by 81.8% in the first quarter. Constitution Capital LLC now owns 2,000 shares of the company's stock valued at $476,000 after buying an additional 900 shares during the period. Pitti Group Wealth Management LLC lifted its position in Marriott International by 2.8% during the first quarter. Pitti Group Wealth Management LLC now owns 2,457 shares of the company's stock valued at $585,000 after buying an additional 67 shares in the last quarter. Finally, Cypress Wealth Services LLC increased its position in shares of Marriott International by 4.7% in the first quarter. Cypress Wealth Services LLC now owns 9,440 shares of the company's stock worth $2,249,000 after acquiring an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. 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 report on Tuesday, April 22nd. UBS Group lowered 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 report on Wednesday, May 21st. Stifel Nicolaus lowered their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Finally, BMO Capital Markets boosted their price objective on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Thirteen 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 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 Stock Performance

Shares of Marriott International stock traded down $8.17 on Friday, hitting $255.07. The stock had a trading volume of 914,506 shares, compared to its average volume of 1,597,914. The stock has a 50 day moving average of $248.75 and a 200 day moving average of $265.08. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market capitalization of $69.86 billion, a P/E ratio of 30.74, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. The firm had revenue of $6.26 billion for 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%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 EPS. Equities analysts expect that Marriott International, Inc. will post 10.1 earnings per share 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 issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from Marriott International's previous quarterly dividend of $0.63. Marriott International's payout ratio is 30.52%.

Insider Buying and Selling at Marriott International

In other news, CEO Anthony Capuano sold 12,000 shares of the company'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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Benjamin T. Breland sold 1,000 shares of Marriott International stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total value of $270,210.00. Following the sale, the executive vice president now directly 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 disclosure for this sale can be found here. 10.68% of the stock is owned by corporate insiders.

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.